1009 Avenue D, Fort Pierce, FL 34950
(You Will Receive An Additional $4,000 Credit To Pay For Repairs!!)
3 Bedroom / 1 Bath
Single Family House Zoned C3
Camila & Rich here with a new Wholesale Deal in South Florida today. This one is in the city of Fort Pierce, FL (Just north of Palm Beach & Port Saint Lucie) and it's going to go fast at this price…
The property is a 3 Bedroom / 1 Bath house Zoned C3 (Commercial), currently being used as a Single Family House. It is rented to a paying month-to-month tenant for $350/month, which is far under market rents. The landlord tells us that he hasn't raised rents since 1986… 🙂 Fair rent for this house is $650/month (RENTOMETER REPORT).
Because the property is Zoned C-3, you can easily repurpose this house into a commercial property, which is it's highest and best use. This property can be used as a store, restaurant, bar, and pretty much anything allowed in a commercial zone without any additional permissions from the city (SEE ZONING CHART HERE). With very little alterations to the property, you can quickly start using this for an array commercial purposes.
As for the condition of the property, It needs a good cleanup inside & outside, as you'll see in the photos below. Overall, the house is in okay shape. We had our contractor do his usual inspection & the only issue that he had was with the roof. He said that we could probably get away with a handyman and some tar for quite a while, but eventually the roof should be replaced. The most qualified roofer that we know, provided us a quote of $3,900 to completely remove & replace the roof (CLICK FOR DETAILED QUOTE).
Now, Camila & I always like to keep our properties VERY VERY cheap and profitable for our investors. That’s why we’ve not only found you a qualified roofer to do the job…we've also decided to give you a $4,000 credit to cover the cost of a complete roof replacement! You'll be getting a brand spank'n new roof on us.
If you choose to pocket the money & not fix the roof..that's fine with us too.
As with all of our deals, we expect this one to go fast. Remember, the first buyer with a deposit & contract in our hands gets the deal…If you're ready to make some money this month, give us a call right away at 305-741-3122