Fort Pierce Duplex

Description

Presenting this rare two-story duplex located in Fort Pierce, minutes from the quaint downtown area. Each unit consists of 2 bedrooms and 1 bathroom, separately metered for water and electricity. The second-floor unit is vacant and the bottom-floor unit has a month-to-month tenant paying a low market rate of $800 per month. In addition, each unit has air conditioning wall units. This duplex is connected to public sewer and city water. The roof’s age is unknown, and each unit will need a full renovation to attract a market rental rate of $1,400 per unit.

We anticipate an after-repair value of $295,000. More importantly, this duplex is zoned for office commercial use, so not only can this property be used as a residential income producer, but also as a commercial income producer. This makes for a great buy-and-hold with equity.