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Sea House Apartments 601 S Ocean Dr 12 Unit Apartment Building $4,466,944 CAD ($372,245 CAD/Unit) Fort Pierce, FL 34949
INVESTMENT HIGHLIGHTS
- 12-unit multifamily apartments
- Strategic location along the Atlantic coast
- Divers unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
EXECUTIVE SUMMARY
Discover a prime investment with this 12-unit multifamily apartments currently grossing $225,000 annually.
The unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
The strategic location along the Atlantic coast further adds value to the investment, as it positions the property within a desirable and sought-after destination. The potential for high rental demand, coupled with the picturesque surroundings, ensures not just a sound financial investment but also an opportunity to capitalize on the growing market for vacation rentals.
The unit mix includes two spacious 2-bedroom/2-bathroom units, three comfortable 1-bedroom/1-bathroom units, and seven efficiently designed units.
The strategic location along the Atlantic coast further adds value to the investment, as it positions the property within a desirable and sought-after destination. The potential for high rental demand, coupled with the picturesque surroundings, ensures not just a sound financial investment but also an opportunity to capitalize on the growing market for vacation rentals.
PROPERTY FACTS
| Price | $4,466,944 CAD | Building Class | C |
| Price Per Unit | $372,245 CAD | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 5,569 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | Parking Ratio | 2.87/1,000 SF |
| Zoning | R-4A | ||
| Price | $4,466,944 CAD |
| Price Per Unit | $372,245 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 5,569 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.87/1,000 SF |
| Zoning | R-4A |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 24-01-502-0020-0004 | Improvements Assessment | $1,872,310 CAD |
| Land Assessment | $169,751 CAD | Total Assessment | $2,042,061 CAD |
PROPERTY TAXES
Parcel Number
24-01-502-0020-0004
Land Assessment
$169,751 CAD
Improvements Assessment
$1,872,310 CAD
Total Assessment
$2,042,061 CAD
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Sea House Apartments | 601 S Ocean Dr
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