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Investors and creative financing enthusiasts, this multi-family property presents a compelling opportunity to build immediate cash flow with significant upside potential. This four-unit building features three one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit, offering a total of five bedrooms and four bathrooms across the property. The Upside: The numbers speak for themselves. One-bedroom units command $1,100 per month, while the two-bedroom unit can achieve $1,250 to $1,300 monthly. Fully occupied, total potential revenue reaches $4,550 - $4600 per month against a mortgage of just $2,467.40, yielding an estimated gross cash flow exceeding $2,082 monthly. Unit 2 is currently occupied and generating $1,100 in rental income. All appliances are included, the water heater was replaced in 2023, and most window AC units have been updated since 2023. Utilities operate on a single meter, and the seller currently covers rodent and pest control monthly"”a manageable expense for the next owner to assume. Potential Cap Rate of 12% and COC of 5.8%. The Work Needed: This property is livable with no major structural concerns, though it does present cosmetic and minor repair opportunities. The floor in Unit 4's main room has some sloping. Window upgrades throughout the building would enhance efficiency and curb appeal. The back porch stairs could be redone, and Unit 2 has a bedroom window replaced with plexiglass and bars. Units 1, 3, and 4 are currently vacant and ready for turnover improvements to maximize rental potential. The Opportunity: The seller is actively entertaining all creative financing offers, including seller financing and other flexible deal structures. This is a rare chance to acquire a cash-flowing multi-family asset with built-in equity upside through strategic renovations. Whether you are a seasoned investor or building your portfolio, this property deserves your immediate attention. Bring your best creative offer today. No assignable contracts.
| DAYS ON MARKET | 3 | LAST UPDATED | 3/23/2026 |
|---|---|---|---|
| TRACT | COURTNEY TERRACE SUB | YEAR BUILT | 1951 |
| COMMUNITY | 34950 - Fort Pierce | COUNTY | St Lucie |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34950 - Fort Pierce |
| CONSTRUCTION | Block, Concrete |
| EXTERIOR | Private Entrance |
| HEAT | Ductless, None |
| LOT | 4356 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | COURTNEY TERRACE SUB |
| TAXES | 3835 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by KEVIOUS DOUGLAS, LLC, RICHARD PETERS REALTY LLC, 352-448-9712
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/23/26 9:46 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.