1125 S Ocean Drive, Fort Pierce, Florida
1125 S Ocean Drive, Fort Pierce, Florida 34950 - Sweet little beachside triplex with an 8%+ cap rate. In back is a big 2/1. Up front is a true 1/1 and a BONUS non-permitted efficiency unit. City of Ft Pierce and St Lucie County classify property as a duplex w/attached guest quarters. All have been extensively updated and many recent improvements have been made to the property including: 100amp service to all units, new water heater, all electric brought up to code, all new water valves to toilets and sinks, newer (2-3 yrs) PVC sewer line, Roof with tie downs, HVAC - 1yr old wall units in the studio and 1 bed, serviced the 2 bed central, Dusk-to-dawn light sensors, Washer/Dryer 2-3 yo, 220v service to irrigation pump. This is a no-brainer for the savvy investor.
Listing Courtesy of Mark I Hamilton, Real Estate Of Florida