741 Hernando
Fully renovated quadplex one block from the Ocean!
Marketing description
Fully Renovated Fourplex – Steps from the Ocean
Discover a prime investment opportunity with this beautifully renovated 4-unit property located just one block from the beach on South Hutchinson Island. Each unit has been meticulously upgraded, offering high-end finishes and turnkey condition, ideal for both short-term and long-term rentals. Property currently vacant.
Property Highlights:
Four units: (1) 2 Bed / 2 Bath, (2) 2 Bed / 1 Bath, (1) 1 Bed / 1 Bath
Fully renovated interiors with modern upgrades
Proximity to beach access, dining, and local attractions
Strong rental demand in a prime island location
Potential for increased income through short-term rentals
Investment highlights
Prime Beachside Location: Situated just one block from South Hutchinson Island's pristine beaches, offering exceptional appeal for both long-term tenants and vacation rentals.
Fully Renovated Fourplex: Turnkey property featuring modern upgrades throughout all units, minimizing immediate capital expenditures.
Strong Rental Income Potential: Comparable renovated units in the area command $3,000+/month, supporting a pro-forma NOI of $100,800.
Flexible Rental Strategies: Ideal for both long-term leases and short-term vacation rentals, providing versatility to maximize returns.
Proximity to Major Developments:
King's Landing Project: A significant mixed-use development in downtown Fort Pierce, including residential units, a hotel, and commercial spaces, is progressing after recent approvals, promising to invigorate the local economy. WPTV News Channel 5 West Palm
Moore's Creek/Avenue D Redevelopment: A collaborative initiative aiming to revitalize the Lincoln Park District with mixed-use developments and affordable housing, enhancing community vibrancy. etwdc.org+2City of Fort Pierce+2fppd.org+2
Highwaymen Museum: A forthcoming cultural landmark celebrating the renowned Highwaymen artists, expected to boost tourism and cultural interest in the area. fppd.org
Supportive City Initiatives: Fort Pierce's Strategic Plan 2025 outlines commitments to infrastructure improvements and economic development, fostering a conducive environment for property value appreciation. City of Fort Pierce
Scarcity of Comparable Assets: Limited availability of fully renovated multifamily properties this close to the ocean in Fort Pierce underscores the uniqueness and desirability of this investment.
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