1300 Sq. Ft.
Full Duplex – 2 Bed / 1 Bath On Each Side
Repairs Needed: Kitchen, Bath, Flooring, Paint, Some Drywall Repair
Recently Sold / “Comps” – Cash Sale Investor Transactions
(REO Sale / Major Repairs Needed) 1107 N 21st St, Fort Pierce, FL – SOLD: 7/20/2012 $29,900
(Tax Deed Auction / Cash Investor) 1609 Avenue H, Fort Pierce, FL – SOLD: 3/14/2012 $30,000
(Traditional Mortgage Obtained) 710 N 18th Street, Fort Pierce, FL – SOLD: 4/9/2012 $49,000
(Tax Deed Auction / Cash Investor / Much smaller -Only 670 Sq Feet )- SOLD: 4/9/2012 $34,000
Nearby Duplexes Are Selling Between $45,000 – $59,000
CURRENT MLS LISTINGS-
(Short Sale) 307 N 11th, Fort Pierce FL 34950 $59,900
1304 16 Court, Fort Pierce FL 34950 $57,000
1227 Avenue K, Fort pierce FL 34950 $55,000
530 N 11th , Fort Pierce FL 34950 $49,900
1403 Avenue G, Fort Pierce FL 34950 $49,900
This Fort Pierce Duplex is located in an excellent neighborhood (Drug Free – School Zone) directly across from Lincoln Park Academy High School. Made up of a large 2 bedroom / 1 bath unit per side, each apartment also has their own covered carport / driveway. Because of the low cost of entry, this property could be profitable using several investment objectives (Fix & Quickly Resell to a landlord OR Buy / Hold for long term rental income).
The property is vacant, feel free to take a look at the property.