311 Decordre Court, Fort Pierce, FL
15.34% return
SP:
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Property Description

Great rental duplex! Located in a better part of Fort Pierce. Solid rental, can easily generate $1500/month. Needs TLC and new ownership. Tons of section 8 and rental demand in the area. Separate electric and water meters, city water and sewer. Area is experiencing tons of growth. Very inexpensive property to own and maintain.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size16375 sq. ft.
  • Lot size0.0 acres
  • Year built1966
  • CountySt. Lucie County
  • SubdivisionMIRACLE MANOR UNIT 2
  • ConstructionCBS
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price$89,900
  • Estimated rehab1$5,000
  • Total investment$94,900
  • TypeProforma
  • Gross income (annually)$18,000
  • Operating expenses (annually)$3,446
  • Net income (annually)$14,554
  • Gross return18.97%
  • Gross income (monthly)$1,500
  • Operating expenses (monthly)$287
  • Net income (monthly)$1,213
  • Net return15.34%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath$750/month$9,000/year
  • Unit 2: 2 bed / 1 bath$750/month$9,000/year
  • Total$1,500/month$18,000/year
  • Expenses
  • Property Taxes$74/month$886/year
  • Insurance$100/month$1,200/year
  • Maintenance reserve$83/month$1,000/year
  • Lawn care$30/month$360/year
  • Total$287/month$3,446/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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