Income Generating - Steps from the Beach 662 Granada St 4 Unit Apartment Building $2,049,000 ($512,250/Unit) Fort Pierce, FL 34949

Fully renovated multifamily property on South Hutchinson Island in Fort Pierce, made up of two concrete duplex buildings that together hold four units. Every unit is a three-bedroom, one-bathroom layout, and the whole property has been brought to turnkey, income-ready condition, so the next owner collects rent instead of managing a renovation. The two-building layout is the differentiator. An owner can run all four units as one fourplex or manage the buildings as two separate duplexes, which helps with tenant strategy, staggered leasing, or living in one unit while the rest pay the mortgage.
Four three-bedroom units total 4,482 square feet, averaging roughly 1,128 square feet each, on a lot of about 0.36 acre with ample parking and separation between the buildings. Three-bedroom units are the workhorses of a rental portfolio, they hold families longer and command stronger rents than one- and two-bedroom units, so a building of four of them is set up for steady occupancy.
The buildings are concrete block, durable and low-maintenance, which coastal owners value for storm resilience and insurance. Every unit has new impact windows and new exterior impact metal doors with digital locks. Bathrooms are all new, with walk-in showers, vanities, and toilets. LifeProof laminate flooring runs through all four units, paired with new baseboards, trim, interior doors and hardware, and plantation-style bi-fold closet doors. Kitchens carry new cabinets with Dolomite countertops and a full set of new appliances. Water heaters are new, and the central air conditioning units were installed in 2024 and 2025, so the major mechanicals are already handled. Outside, new brick paver walkways and patios wrap the perimeter, the landscaping is fresh, and the layout gives tenants parking and privacy.
The property sits on the Fort Pierce barrier island, minutes from the water and the attractions that keep coastal rentals in demand. Fort Pierce Inlet State Park and the Jack Island Preserve cover beaches, surfing, fishing, and hiking trails. The National Navy UDT-SEAL Museum sits just up the coast on North Hutchinson Island. Historic Downtown Fort Pierce waterfront is alive with dining, shopping, and the Sunrise Theatre, while Causeway Cove Marina and Jetty Park anchor the boating, fishing charters, and waterfront restaurants.
Fort Pierce and the Treasure Coast are in a real growth cycle, with St. Lucie County now past 400,000 residents, up more than 40 percent since 2010, and steady in-migration expected to keep rental demand climbing. The city is drawing new commercial and industrial investment, and building activity downtown has been strong. For an investor, this is renovated, low-maintenance, all-three-bedroom income on a barrier island, with the rare flexibility to hold it as one asset or two.