Interior
- Bathrooms
- 0
- Living area
- 4,004 sq ft
Active · Quadruplex
$1,085,000
646 Eldorado Street, Fort Pierce, FL 34949
- Beds
- —
- Baths
- 0
- Living area
- 4,004 sq ft
- $ / sq ft
- $271/sq ft
- Year built
- 1984
- Lot size
- 11,326 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Rare opportunity to acquire two adjacent fourplex buildings totaling 8 large 2BR/1.5BA units in one of Fort Pierce's fastest-growing coastal submarkets. Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment, this fully occupied multifamily portfolio offers immediate cash flow with approximately $157,800 in current gross annual income. Units average approximately 1,001 SF and feature separate electric meters, impact windows, and recent renovations. Frame and stucco construction with strong rental history and future upside through lease optimization. Positioned near major redevelopment projects including the planned surf park and continued Port of Fort Pierce expansion.
Property location
Get Directions646 Eldorado Street, Fort Pierce, FL 34949
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Facts & features
Exterior & Structure
- Property type
- Quadruplex
- Year built
- 1984
- Lot size
- 11,326 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- St Lucie
- MLS listing ID
- B26027261
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$1,678
- Cap rate
- 7.5%
- Net yield
- 7.5%
- Cash-on-cash return
- 6.6%
- Gross yield
- 11.3%
- Mortgage payment
- $5,143/mo
- Down payment
- $271,250
- Loan amount
- $813,750
- Annual NOI
- $81,853
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.