Residential Income

3-Unit Apartment building, Two-story, CBS/Stucco 2- One bedroom kitchenettes on top floor rented at $700 per month each, and ground floor is a 3 bedroom/1 bath apartment rented for $600.00 Split meters, but owners pay power for upstairs apartments, included in rent. Apartments are attractive, well-lighted, nice kitchens, fully functional living within blocks of U.S. Rt 1. Extensively remodeled as to plumbing electric, replacement new windows in almost all the units, Electrical upgrade includes new service & meter can & mast, some interior wiring. Roof replaced 12 years ago. CHA in ground floor unit. Gross rent for the building at $2,000 Gross reflects old rent rates, Way under market! Tenants have been in place several years. Demand for rentals should easily allow a substantial rent increase. Fenced yard, attractive surroundings, landscaping. upstairs has security door access to upstairs. Apartment building was just termite-tented November 1st. 2021, with continuing bond. Very nice revitalization neighborhood of Oakland Park is close to Fort Pierce Old Town shopping and arts markets, marina, restaurants, walking distance also has neighborhood bus stop for community transit bus. Present owners have owned these units for many years, retiring, this is the first opportunity to obtain 3 fine rental units in such close walking proximity to Old Town events. Property listed at $349,900, demand for rents is growing, can't replace these units at this price.! Do Not Disturb the Tenants. seller maintains roof was replaced approximately 10 years ago. Taylor Roofing was out Not for leaks! but owner-initiated inspection, repatch Scupper drains, install a new drip edge ice & flashing. Termite tenting was November 10th, with a continuing renewable bond, good for purchaser to assume. Measurements are approximate.