505 27th St - Multi-Family FOR SALE


Fort Pierce, FL 34947
$525,000 USD
772-888-5658
505 27th St, Fort Pierce, FL for Sale
$525,000 USD
Multi-Family - FOR SALE
1/5

505 27th St
Fort Pierce, FL 34947


HIGHLIGHTS

  • BOMBPROOF
  • NEW CONSTRUCTION
  • GUARANTEED RENT

OVERVIEW

High-Yield Duplex in Growing Florida Market – 10% Cap Rate Turnkey multifamily asset delivering $5,000/month gross rent with long-term tenants in place. This new construction duplex features concrete block interior and exterior walls, metal roof, solid core doors, and decorative concrete floors, offering ultra-low maintenance and long-term durability. Financial Highlights:• Cap Rate: 10%• NOI: $52,664• Gross Rent: $59,664/year• Expenses: $7,000/year (Taxes: $5,000, Insurance: $1,999) Tenant Profile:• Leased to reliable, income-qualified tenants• Section 8 for guaranteed rent stability Market Highlights:• Located in an emerging corridor of Fort Pierce with strong rental demand• Opportunity Zone for long-term tax benefits• 3%+ annual rent growth projected Financing Options:• DSCR, Conventional, or FHA financing available• Still cash flows strong even at 7%+ interest rates Bonus: Professional property management available at just 8%, making this an ideal hands-off investment. Perfect for cash flow investors, 1031 exchange buyers, or out-of-state landlords seeking passive income.

FOR SALE DETAILS

PRICE

$525,000 USD

# OF UNITS

2

PRICE/UNIT

$262,500

CAP RATE

10.03%

% LEASED

100%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10.1 CAP - BRAND NEW DUPLEX

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM10

APN/PARCEL ID

2408-502-0031-000-5

ASK ABOUT THIS PROPERTY

Nicholas TobisMeant2B RealtyMore Info
772-888-5658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Nicholas TobisMeant2B RealtyMore Info
772-888-5658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.