1215 HARTMAN RD, FORT PIERCE, FL, 34947
$1,375,000
Commercial Sale
|
Living Area
5,511 Sqft
|
Lot Size
41,818 Sqft
|
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
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6321649 | Year Built: | 1970 | |
| Construction Materials: | Block | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | St Lucie | |
| Direction Faces: | East | Foundation Details: | Slab | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, Other | Possession: | Close Of Escrow | |
| Property Condition: | Completed | Property Sub Type: | Multi Family | |
| Property Type: | Commercial Sale | Road Frontage Type: | County Road | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt, Paved | |
| Showing Requirements: | Appointment Only, See Remarks | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
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