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$1,000,000   Price Analysis
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947 Fra Mar Pl
Fort Pierce, FL 34982
8 bed 4 bath 3,070 SqFt ($325/SqFt)
0.34 acre lot. Built 1976
Listed 2024-01-18
Ⓧ USDA Ineligible
due to price & location

near Fort Pierce

Great investment opportunity in upcoming Fort Pierce area.

4 2/1's. All 4 units are occupied. Gross Rent $6650. All units have security deposits with leases ending between August and December 2024. Long term tenants all would stay. Each unit has their own water and electric meter. As of 2022, completely new plumbing from street meter to faucets. All new water heaters, 2 AC's new in 2022, 2 others new in 2019. All new windows with accordion shutters, new doors. All units remodeled with tiled flooring, new appliances including washer and dryer. Aluminum roof is original, completely treated and resealed in 2022, almost as new again. Fenced common back yard with private fence dividers between units. Eight parking spots with two assigned per unit.

Fifth electric meter for bulding, powers well sprin Great investment opportunity in upcoming Fort Pierce area. 4 2/1's. All 4 units are occupied. Gross Rent $6650. All units have security deposits with leases ending between August and December 2024. Long term tenants all would stay. Each unit has their own water & electric meter. As of 2022, completely new plumbing from street meter to faucets. All new water heaters, 2 AC's new in 2022, 2 others new in 2019. All new windows with accordion shutters, new doors. All units remodeled with tiled flooring, new appliances including washer & dryer. Aluminum roof is original, completely treated & resealed in 2022, almost as new again. Fenced common back yard with private fence dividers between units. Eight parking spots with two assigned per unit. Fifth electric meter for building, powers well sprinkler pump, auto night lighting and 24 hour camera system. Fort Pierce has extraordinary growth potential with already new major businesses coming to town.


Presented by Jean David Cidel at
RE MAX Masterpiece Realty.
Listing Agent Photo

Property MLS #RX-10951533 from BeachesMLSFlex

Bedrooms: 8

Total Bathrooms: 4
Full Bathrooms: 4

Cooling Features: Ceiling Fan, Central Individual, Electric
Heating Features: Central, Central Individual, Electric

Flooring: Ceramic Tile
Window Features: Blinds

Auto Sprinkler
Fence
Open Patio
Shed
Shutters
Well Sprinkler
Zoned Sprinkler

Carport Features: 8.00
Carport Spaces: 8

Lot Description: 1/4 to 1/2 Acre, West of US-1
Lot Size Acres: 0.3399908
Lot Size Dimensions: 125' X 120'
Lot Size Square Feet: 14810

Association: No
Association Amenities: Common Areas, Lawn Care, Parking, Sewer, Trash Removal
Calculated Total Monthly Association Fees: 0

Gross Income: 79200.00
Tenant Pays: Cable, Electric, Water

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: A/C Unit, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Utility, W/D Hookup, Washer, Window Cover
Unit-3 Description: Unit 3 Desc: A/C Unit, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Utility, W/D Hookup, Washer, Window Cover
Unit-4 Description: A/C Unit, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Utility, W/D Hookup, Washer, Window Cover
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-3 Furnished Description: No
Unit-4 Furnished Description: No
Unit-1 Square Feet: 768
Unit-2 Square Feet: 768
Unit-3 Square Feet: 768
Unit-4 Square Feet: 768

Annual Tax Amount: 7130.23
Source Listing Status: Active
County: St. Lucie
Directions: From US1 to W on Midway Rd, N on Oleander Blvd, E on Fra Mar Place.
Tax Year: 2023
Restrictions: Lease OK
Source Property Type: Residential Income
Area: 7140
Source Neighborhood: WAGNER SUBDIVISION
Subdivision: WAGNER SUBDIVISION
Zoning: RM-11-
Property Subtype: Quad Plex
Source System Name: C2C

Listed 2024-01-18
$1,000,000
BeachesMLSFlex
Sold 2022-05-31
$475,000
BeachesMLSFlex
Listed 2022-04-14
$449,000
BeachesMLSFlex

Net Operating Income: 68122.00
Operating Expense: 11078.00

Total Square Feet Living: 3070
Year Built: 1976
Construction Materials: Block, CBS
Living Area Source: Tax Rolls
Property Age: 48
Property Condition: Resale
Roof: Aluminum
Levels or Stories: 1.0
Structure Type: Quadruplex
Total Area Sqft: 3742
Year Built Details: Resale

Electric: Yes
Cable
Electric
Public Water
Septic
Water Source: Public Water

Forest Grove Middle School is a public middle school located approximately 1.3 miles away.
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Fort Pierce Central High School is a public high school located approximately 1.3 miles away.
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Faith Baptist School is a private elementary, middle and high school located approximately 0.4 miles away.
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Weatherbee Elementary School is a public elementary school located approximately 1.5 miles away.
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