Bought with
$1,112,000
$1,375,000
19.1%For more information regarding the value of a property, please contact us for a free consultation.
1215 HARTMAN RD Fort Pierce, FL 34947
5,511 SqFt
Key Details
Sold Price $1,112,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,511 sqft
Price per Sqft $201
Subdivision Metes & Bounds
MLS Listing ID O6321649
Year Built 1970
Annual Tax Amount $13,585
Lot Size 0.960 Acres
Property Sub-Type Multi Family
Property Description
One or more photo(s) has been virtually staged. Investor opportunity in the heart of Fort Pierce! 1215 Hartman is a mid-century, 11-unit concrete block community on nearly an acre. This stable asset features eight efficient 1BRs, a large 1BR with 2BR potential, and two oversized 2BR/1BA units easily reconfigurable as 3BRs each with a private courtyard. The exterior was just freshly painted, and a light renovation blueprint completed on Unit 6 is ready to scale. With tenants covering utilities and near 100% occupancy for 3+ years, new ownership can achieve 8%+ returns through rent growth and chargebacks. Minutes from beaches, parks, and downtown, 1215 Hartman offers lifestyle appeal and strong cash flow. Highlights: 3+ years near-full occupancy Freshly painted exterior Renovation-ready template in place Tenant-paid utilities & RUBS potential Reconfigurable floor plans for added value Central location near I-95 and beaches 8%+ projected CAP rate Private courtyards in large units
Location
State FL
County St Lucie
Community Metes & Bounds
Area 34947 - Fort Pierce
Zoning RM-9 COUNT
Interior
Cooling Wall/Window Unit(s)
Building
Story 1
Foundation Slab
Structure Type Block
New Construction false
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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