1802 GULFSTREAM AVE Fort Pierce FL 34949

Calling all multifamily investors, here is an opportunity you won’t soon see again.

NAI Southcoast has been retained as the exclusive listing agent to arrange the sale of 1802 Gulfstream Ave. A/B – 662 Granada St. A/B, Fort Pierce, FL 34949.

This offering consists of two CB stucco duplexes located on a single parcel. All four units are 2 bedroom 1 bathroom with washer/drier in unit and also have large enclosed carports which serve as a Florida room.

All 4 leases are at $1,250 per month with tenants responsible for paying their own water and electric, both of which are separately metered through FPUA. Both buildings are also on city water and sewer.

Three of the leases are annual with one ending in March of 2021, 2 ending at the end of August 2021, and one being month to month with an option to extend for 6 months.

Taxes are $9,512, Insurance is $1,644 annually for both buildings and does not include hurricane coverage. Lawn care is $100 per month. The units are very well maintained and upgraded, with tile floors throughout, granite counter tops, and updated cabinetry. All buildings are on central air with most units having been replaced in the past 2-3 years. The roofs were redone in 2004 and are in good condition.

A bonus is that all units are individual condos so there is potential to sell

off separately one day, should an investor choose to pursue that option.

• Walking distance to beaches, bars, and restaurants.