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10.1 CAP - BRAND NEW DUPLEX 505 27th St 2 Unit Apartment Building $732,480 CAD ($366,240 CAD/Unit) 10.03% Cap Rate Fort Pierce, FL 34947
INVESTMENT HIGHLIGHTS
- BOMBPROOF
- GUARANTEED RENT
- NEW CONSTRUCTION
EXECUTIVE SUMMARY
High-Yield Duplex in Growing Florida Market – 10% Cap Rate
Turnkey multifamily asset delivering $5,000/month gross rent with long-term tenants in place. This new construction duplex features concrete block interior and exterior walls, metal roof, solid core doors, and decorative concrete floors, offering ultra-low maintenance and long-term durability.
Financial Highlights:• Cap Rate: 10%• NOI: $52,664• Gross Rent: $59,664/year• Expenses: $7,000/year (Taxes: $5,000, Insurance: $1,999)
Tenant Profile:• Leased to reliable, income-qualified tenants• Section 8 for guaranteed rent stability
Market Highlights:• Located in an emerging corridor of Fort Pierce with strong rental demand• Opportunity Zone for long-term tax benefits• 3%+ annual rent growth projected
Financing Options:• DSCR, Conventional, or FHA financing available• Still cash flows strong even at 7%+ interest rates
Bonus: Professional property management available at just 8%, making this an ideal hands-off investment.
Perfect for cash flow investors, 1031 exchange buyers, or out-of-state landlords seeking passive income.
Turnkey multifamily asset delivering $5,000/month gross rent with long-term tenants in place. This new construction duplex features concrete block interior and exterior walls, metal roof, solid core doors, and decorative concrete floors, offering ultra-low maintenance and long-term durability.
Financial Highlights:• Cap Rate: 10%• NOI: $52,664• Gross Rent: $59,664/year• Expenses: $7,000/year (Taxes: $5,000, Insurance: $1,999)
Tenant Profile:• Leased to reliable, income-qualified tenants• Section 8 for guaranteed rent stability
Market Highlights:• Located in an emerging corridor of Fort Pierce with strong rental demand• Opportunity Zone for long-term tax benefits• 3%+ annual rent growth projected
Financing Options:• DSCR, Conventional, or FHA financing available• Still cash flows strong even at 7%+ interest rates
Bonus: Professional property management available at just 8%, making this an ideal hands-off investment.
Perfect for cash flow investors, 1031 exchange buyers, or out-of-state landlords seeking passive income.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$83,243
|
$22.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,243
|
$22.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,766
|
$2.59
|
| Net Operating Income |
$73,477
|
$19.46
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $83,243 |
| Annual Per SF | $22.05 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $83,243 |
| Annual Per SF | $22.05 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $9,766 |
| Annual Per SF | $2.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $73,477 |
| Annual Per SF | $19.46 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $3,468 CAD | 830 |
1 1
PROPERTY TAXES
| Parcel Number | 24-08-502-0031-0005 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $36,473 CAD (2024) | Total Assessment | $36,473 CAD (2024) |
PROPERTY TAXES
Parcel Number
24-08-502-0031-0005
Land Assessment
$36,473 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$36,473 CAD (2024)
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Presented by
Meant2B Realty
10.1 CAP - BRAND NEW DUPLEX | 505 27th St
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