2 MULTIFAMILY BUILDINGS – PACKAGE DEAL

Triplex | 3 Units | 2,400 SF | 7,500 SF Lot | Built 1963 | CBS | 2 Story
Triplex consisting of two 1 bed / 1 bath units downstairs and one 3 bed / 1 bath unit upstairs. Recent improvements include a new roof and new concrete staircase replacing the prior wooden stairs. Zoned General Commercial with Land Use Code 0800 allowing 2–9 multifamily units. All units are separately metered for electric and water, paid directly by tenants. Strong upside through rent increases.
Rents
Unit A (1/1): $1,000 current | $1,200 market
Unit B (1/1): $1,000 current | $1,200 market
Unit C (3/1): $900 current | $1,400 market
Current Annual Revenue: $34,800
Market Annual Revenue: $45,600
Annual Expenses: $14,959
Current NOI: ~$19,800
Market NOI: ~$30,600

1219 Avenue M, Fort Pierce, FL 34950
Duplex | 2 Units | 1,452 SF | Built 1967 | CBS
Duplex with two 2 bed / 1 bath units and a large backyard. Located directly across from Horatio Grisby Sr. Athletic Park. All units are separately metered for electric and water. Rents are well below market, providing immediate value-add upside.
Rents
Unit A (2/1): $650 current | $1,200 market
Unit B (2/1): $650 current | $1,200 market
Current Annual Revenue: $15,600
Market Annual Revenue: $28,800
Annual Expenses: $8,016
Current NOI: ~$7,600
Market NOI: ~$20,800

Both properties are located in Opportunity Zones with long-term property management in place, making this suitable for a hands-off investor with built-in upside from rent growth.
Asking (Both Properties): $635,000
EMD: $10,000