$305,000
$359,999
15.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
1,700 SqFt
SOLD DATE : 04/21/2026
Key Details
Sold Price $305,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $179
Subdivision Courtney Terrace Sub
MLS Listing ID TB8489404
Sold Date 04/21/26
Bedrooms 5
HOA Y/N No
Year Built 1951
Annual Tax Amount $3,835
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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.
Location
State FL
County St Lucie
Community Courtney Terrace Sub
Area 34950 - Fort Pierce
Zoning NEIGHBORHO
Interior
Interior Features Solid Surface Counters, Solid Wood Cabinets
Heating None, Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Private Entrance
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Brick/Mortar
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KEVIOUS DOUGLAS, LLC RICHARD PETERS REALTY LLC
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