Address
501 Azalea Ave, Fort Pierce, FL
Price
$ 9,000,000
Property Attributes
  • MLS#F10328116
  • TypeIncome
  • CountySAINT LUCIE
  • CityFort Pierce
  • AreaSt Lucie County 7060 - 7070 - 7080 - 7090
  • NeighborhoodDowntown Fort Pierce
  • Zip34982
  • StyleDuplex
  • Year Built1973
  • Taxes$ 2367
  • Price$ 9,000,000
  • Bedrooms108
  • Full Bathrooms54
  • Half Bathrooms0
  • Sqr Footage1560
Data Source:
Beaches MLS
Property Description

53 Unit Portfolio with 10 single family homes, 16 duplexes with triplexes and quads all located in Booming Downtown Fort Pierce. 100% occupied with an endless waiting list. Rents well below market...Huge upside with minimal changes. Currently at roughly $540,000 yearly rental income...can easily be $700,000 in yearly income. All concrete block construction. Separately metered for water and electric on 95% of units. Each unit has a security deposit which will be transferred to new owner. Proof of funds must be provided to discuss further details. Seller open to provide financing with 40% down.

Price History
4/26/2022 Listed $10,000,000
8/8/2022 10% - $9,000,000

General Features

Area 7070
Development Name Downtown Fort Pierce
Property Type Residential Income
Property Type Information Detached
Rent Includes Lawn Care
Section 22
Style Duplex
Subdivision Complex Bldg Downtown Fort Pierce
Subdivision Name Downtown Fort Pierce
Type of Association None
Type of Property Duplex
Year Built 1973
Year Built Description Resale
Zoning Information Multi

Interior Features

Cable Yes
Cooling Description Ceiling Fans, Central Cooling, Electric Cooling
Flooring Ceramic Floor, Terrazzo Floors, Tile Floors
Heating Description Central Heat, Electric Heat
Internet Yn Yes
Stories 1.0000

Exterior Features

Construction Type Concrete Block Construction
Lot Description Less Than 1/4 Acre Lot
Parking Spaces 2
Roof Description Wood Shingle Roof
Sewer Description Municipal Sewer

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34982

Price
AVG $9M
$9M
Taxes
AVG $2,367
$2,367
Visits
AVG 231
232
Year Built
AVG 1973
1973
Walkscore
AVG 52
52
Data Provided by Walkscore ® not using MLS data