662 Granada St - Apartments FOR SALE


Fort Pierce, FL 34949- South Beach
$2,049,000 USD
662 Granada St, Fort Pierce, FL for Sale
$2,049,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

662 Granada St
Fort Pierce, FL 34949
South Beach


HIGHLIGHTS

  • Two standalone concrete duplex buildings, four units total, run them as one fourplex or operate each building as its own duplex
  • All four units are three-bedroom, one-bathroom, a rare all-large-unit mix that attracts longer tenancies
  • Solid concrete block construction with low-maintenance finishes, built to handle coastal weather
  • Minutes from Fort Pierce Inlet State Park, historic downtown dining, and Causeway Cove Marina on the Hutchinson Island barrier island
  • Turnkey renovation with new impact windows, impact metal doors, Dolomite kitchens, LifeProof floors, and 2024-2025 air
  • 2 additional investment properties offered nearby

OVERVIEW

Fully renovated multifamily property on South Hutchinson Island in Fort Pierce, made up of two concrete duplex buildings that together hold four units. Every unit is a three-bedroom, one-bathroom layout, and the whole property has been brought to turnkey, income-ready condition, so the next owner collects rent instead of managing a renovation. The two-building layout is the differentiator. An owner can run all four units as one fourplex or manage the buildings as two separate duplexes, which helps with tenant strategy, staggered leasing, or living in one unit while the rest pay the mortgage. Four three-bedroom units total 4,482 square feet, averaging roughly 1,128 square feet each, on a lot of about 0.36 acre with ample parking and separation between the buildings. Three-bedroom units are the workhorses of a rental portfolio, they hold families longer and command stronger rents than one- and two-bedroom units, so a building of four of them is set up for steady occupancy. The buildings are concrete block, durable and low-maintenance, which coastal owners value for storm resilience and insurance. Every unit has new impact windows and new exterior impact metal doors with digital locks. Bathrooms are all new, with walk-in showers, vanities, and toilets. LifeProof laminate flooring runs through all four units, paired with new baseboards, trim, interior doors and hardware, and plantation-style bi-fold closet doors. Kitchens carry new cabinets with Dolomite countertops and a full set of new appliances. Water heaters are new, and the central air conditioning units were installed in 2024 and 2025, so the major mechanicals are already handled. Outside, new brick paver walkways and patios wrap the perimeter, the landscaping is fresh, and the layout gives tenants parking and privacy. The property sits on the Fort Pierce barrier island, minutes from the water and the attractions that keep coastal rentals in demand. Fort Pierce Inlet State Park and the Jack Island Preserve cover beaches, surfing, fishing, and hiking trails. The National Navy UDT-SEAL Museum sits just up the coast on North Hutchinson Island. Historic Downtown Fort Pierce waterfront is alive with dining, shopping, and the Sunrise Theatre, while Causeway Cove Marina and Jetty Park anchor the boating, fishing charters, and waterfront restaurants. Fort Pierce and the Treasure Coast are in a real growth cycle, with St. Lucie County now past 400,000 residents, up more than 40 percent since 2010, and steady in-migration expected to keep rental demand climbing. The city is drawing new commercial and industrial investment, and building activity downtown has been strong. For an investor, this is renovated, low-maintenance, all-three-bedroom income on a barrier island, with the rare flexibility to hold it as one asset or two.

FOR SALE DETAILS

PRICE

$2,049,000 USD

PRICE/SF

$549 USD /SF

# OF UNITS

4

PRICE/UNIT

$512,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income Generating - Steps from the Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

HI Medium

APN/PARCEL ID

2401-503-0029-000-0

ASK ABOUT THIS PROPERTY

Scott ReynoldsThe Reynolds TeamMore Info

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Scott ReynoldsThe Reynolds TeamMore Info

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