Checkout this amazing low cost concrete block duplex at $70,000 per door in Saint Lucie County. Each unit boasts two bedrooms and one bathroom with separate electric and water meters. Currently, one unit is vacant and another renting at $600 on a month to month basis. Market rent in the area for two bed, one bath units ranges between $1,000 – $1,200 creating an opportunity for greater cash flow.
The duplex will need a full interior and exterior renovation to capture market rents. With neighboring comparables we’re estimating an after value of $230,000. Not only can this multifamily property can provide great cash flow but also great equity for a fix and flip. As a disclaimer, this property will have to be bought exception to title due to liens that will have to be negotiated with the City of Fort Pierce. For more information on this multifamily opportunity contact us.