Description

Potential ARV: $260K-$280K+

Comparable Rent: $2,650-$2,850/MO

Lot Size: 4,500 Sq Ft

Built: 1953

Construction: CBS

Details:

-->Current Renters Month to Month

-->Tenants are currently not paying, eviction may be needed

--> No HOA --> Great rental or Resale Opportunity

Features: Value-Add Duplex Opportunity UNDER $170K in Fort Pierce! This 3/2 duplex offers approximately 1,260 SQFT of living space and sits on a 0.10-acre lot. Property features CBS construction, a one-story layout, carport parking, and two separate units, each with its own kitchen, bathroom, and electric meter. The larger unit is a 2/1 with estimated market rents of approximately $1,500–$1,600/MO, while the second unit is a 1/1 with estimated market rents of approximately $1,150–$1,250/MO. Combined, the property has the potential to generate approximately $2,650–$2,850/MO in rental income. With two separate units and strong rental potential, this is a great dual-threat opportunity for an investor looking to renovate and hold for cash flow or reposition the property for resale.

Rehab Description: To maximize rental income and resale value, this duplex will need a complete interior and exterior renovation. Update both units with new flooring, kitchens, bathrooms, fixtures, fresh paint, and modern finishes throughout. On the exterior, replace the roof and AC systems, complete any necessary exterior repairs, freshen up the paint, clean up the landscaping, and improve the overall curb appeal. Once completed, the property should be well positioned for stronger rents and resale value.

Comp:

2105 Delaware Avenue, Fort Pierce, FL 34950

4/2 1550 SQFT 1972 Build

PENDING @ $299,990 (Slightly bigger/updated on the inside/outside needs work)

1400 Delaware Ave, Fort Pierce, FL 34495

4/2 unkonwn SQFT 1949 Build

SOLD @ $255,000 (Needs updates/Dated)

1310 Atlantic Ave, Fort Pierce, FL 344950

3/2 1200 SQFT 1925 Build

SOLD @ $246,000 (Clean/Dated)

511 S 11th St, Fort Pierce, FL 34495

3/2 1100 SQFT 1950 Build