$1,375,000
Pending · 29 days on market · MLS# MFRO6321649
| Living area | 5,511 sq ft |
|---|---|
| Lot size | 0.96 acres |
| Year built | 1970 |
| Property type | Multi Family |
| Waterfront | Yes |
| Annual taxes | $13,585 |
| County | St Lucie |
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Investor opportunity in the heart of Fort Pierce! 1215 Hartman is a mid-century, 11-unit concrete block community on nearly an acre. This stable asset features eight efficient 1BRs, a large 1BR with 2BR potential, and two oversized 2BR/1BA units easily reconfigurable as 3BRs each with a private courtyard. The exterior was just freshly painted, and a light renovation blueprint completed on Unit 6 is ready to scale. With tenants covering utilities and near 100% occupancy for 3+ years, new ownership can achieve 8%+ returns through rent growth and chargebacks. Minutes from beaches, parks, and downtown, 1215 Hartman offers lifestyle appeal and strong cash flow. Highlights: 3+ years near-full occupancy Freshly painted exterior Renovation-ready template in place Tenant-paid utilities & RUBS potential Reconfigurable floor plans for added value Central location near I-95 and beaches 8%+ projected CAP rate Private courtyards in large units
Listing courtesy of Jama Porter, DENOVO REALTY. Presented by MC Homes Realty Inc · 727432218.