Income Generating Coastal Quadplex 741 Hernando St 8 Unit Apartment Building $1,775,000 ($221,875/Unit) Fort Pierce, FL 34949

Fully renovated four-unit multifamily building on South Hutchinson Island, one block from the Atlantic Ocean in Fort Pierce. The whole property has been brought to turnkey, income-ready condition, so the next owner collects rent instead of managing a renovation. Across 3,926 square feet, the building holds four units: one large two-bedroom, two-bathroom unit with an enclosed deck sitting area, pocket sliders, and an in-unit washer and dryer; two two-bedroom, one-bathroom units; and one one-bedroom, one-bathroom unit. That mix gives an operator room to run long-term leases, short-term vacation stays, or a blend of both, with long-term lease stability on one side and upside from a strong coastal short-term rental market on the other.
The renovation is where this one earns the turnkey label. Every unit has new impact windows and new exterior impact metal doors with digital locks, built for coastal durability. 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 systems went in during 2023 and 2024, so the big-ticket mechanicals are already handled.
Outside, the property is set up for low-drama ownership. New brick paver walkways and patios wrap the perimeter, the landscaping is fresh, and storage is generous: four individual unit storage rooms, a separate owner storage room, and a large property storage shed. A dedicated tenant laundry room adds convenience.
Just one block from the sand and minutes from the attractions that fill a coastal calendar. 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 brings the waterfront alive with dining, shopping, and the Sunrise Theatre, while Causeway Cove Marina and Jetty Park anchor the boating, fishing charters, and waterfront restaurants.
The bigger picture supports the buy. This is beach-block income in one of the Treasure Coast's fastest-growing counties. St. Lucie County has passed 400,000 residents, up more than 40 percent since 2010, and demand for coastal rentals is holding steady. An owner here has more than one way to make the numbers work, from steady annual leases to a vacation-rental play that leans on the beach location. Buildings like this, four doors and fully renovated one block off the Atlantic, do not come up often.