601 S Ocean Dr - Apartments FOR SALE


Fort Pierce, FL 34949
$3,200,000 USD
772-215-1167
601 S Ocean Dr, Fort Pierce, FL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

601 S Ocean Dr
Fort Pierce, FL 34949


HIGHLIGHTS

  • 12-unit multifamily apartments
  • Divers unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
  • Strategic location along the Atlantic coast

OVERVIEW

Discover a prime investment with this 12-unit multifamily apartments currently grossing $225,000 annually. The unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units. The strategic location along the Atlantic coast further adds value to the investment, as it positions the property within a desirable and sought-after destination. The potential for high rental demand, coupled with the picturesque surroundings, ensures not just a sound financial investment but also an opportunity to capitalize on the growing market for vacation rentals.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$575 USD /SF

# OF UNITS

12

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sea House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R-4A

APN/PARCEL ID

24-01-502-0020-0004

ASK ABOUT THIS PROPERTY

Brian SchwanJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-215-1167

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brian SchwanJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-215-1167

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.