9.35% CAP - BRAND NEW DUPLEX
DUPLEX - 9.35% CAP RATE | $5,326/MO RENT | NEW BUILD | NO HOA | FORT PIERCE
Marketing description
New-Construction Duplex | Strong Cash Flow | ~9.35% Cap Rate
Turnkey multifamily asset producing $5,326/month ($63,912/year) with reliable, income-backed tenants already in place. This upgraded duplex design features 3BR/2BA per unit (1,140 SF each) with added features that outperform older inventory—positioning this as one of the best values in the submarket.
Property Highlights:
• Solid CBS construction for long-term durability
• Dishwashers, covered back porches, and dedicated storage (rare upgrades in this price point)
• Modern, low-maintenance finishes designed for long-term hold
• Built for Section 8 standards and strong tenant retention
Financials:
• Cap Rate: ~9.35%
• Gross Rent: $63,912/year
• Taxes: ~$10,500/year
• Insurance: ~$2,000/year
• Estimated NOI: ~$51,400/year
Tenant Advantage:
• Voucher-backed tenants = consistent, on-time payments
• Historically low turnover (~6+ years avg)
• Direct deposit rent structure enhances stability
Location:
• Positioned in a rapidly improving Fort Pierce corridor
• Strong rental demand with continued development nearby
• Supported by ~3%+ annual rent growth trends
Financing:
• DSCR, Conventional, FHA, or cash
• Proven ability to cash flow even in higher-rate environments
Bonus:
• Professional property management available for true hands-off ownership
Investment highlights
Investment Highlights:
Strong Returns: 10% cap rate with $60,000/year in gross rental income
Stability: Leased to income-qualified Section 8 tenants for guaranteed rent
Low Maintenance: Bombproof New construction with concrete block walls, metal roof, and durable finishes
Tax Advantages: Located in an Opportunity Zone for long-term tax benefits
Passive Ready: Professional property management available at just 8%
Financing Flexibility: Eligible for DSCR, Conventional, or FHA financing
Ideal for: 1031 exchange buyers, cash flow investors, or out-of-state landlords
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