Multi-Family Portfolio 2 Multifamily Properties Offered at $770,000 in Fort Pierce, FL

- Retirement Sale, Rare Opportunity to own MultiFamily properties in Downtown Fort Pierce
(2 Properties, a duplex and triplex, 1.4 miles away from each other)
Owner is retiring. All reasonable offers will be considered.
Rents are below market value and offers an opportunity for new owner to raise them.
Great opportunity for hands off investor
Long term property management in place.
Both properties are located in Opportunity Zones and have increased tax benefits and depreciation.
Also great properties to defer your current capital gains taxes by using a 1031 exchange to buy these.
All inquires should be directed to Shawn 305-300-0364 (please text if did not answer)
- 804 Orange Ave, Fort Pierce, Fl 34950
2 Story, 3 Unit Triplex (2,400 square feet) that consists or 2 (1/1) downstairs and a 3/1 upstairs.
Recent improvements (55k) of new roof and new concrete staircase (replacing wooden one)
This property is zoned for General Commercial and has Land Use Code 0800 - M-F 10U with stands for Multi-Family Units, 2-9 units and sits on 7,500 square foot lot.
-1219 Ave. M, Fort Pierce, Fl. 34950
2 Unit Duplex that consists or 2 (2/1) and large backyard.
Across the street from Horatio Grisby Sr. Sr. Athletic city park
(Basketball Court, Tennis Court, Pool, Basebase fields)

Financials:
804 Orange Ave Operating Revenue and Expenses
Revenue:
Unit A (1 Bedroom, 1 Bathroom) $1,000 month - Current (Potential $1,200 month)
Unit B (1 Bedroom, 1 Bathroom) $1,000 month - Current (Potential $1,200 month)
Unit C (3 Bedroom, 1 Bathroom) $900 month - Current (Potential $1,400 month)
Current Yearly Revenue $34,800
Potential with raised rents $45,600
Yearly Expenses:
Lawn Maintenance $1,440
Property Management $3,480 (10% of Revenue)
Repairs Budget $4,000
Insurance $2,704
Property Taxes $3,335
Total: $14,959 (Profit $19k and with raised rents $29k)

1219 Ave M Operating Revenue and Expenses
Revenue:
Unit A (2 Bedroom, 1 Bathroom) $650 month - Current (Potential $1,200 month)
Unit B (2 Bedroom, 1 Bathroom) $650 month - Current (Potential $1,200 month)
Current Yearly Revenue $15,600
Potential with raised rents $28,800
Yearly Expenses:
Lawn Maintenance $1,440
Property Management $1,560 (10% of Revenue)
Repairs Budget $2,000
Insurance $986
Property Taxes $2,030
Total: $8,016 (Profit $7.5k and with raised rents $19k)