1706 Avenue D, FORT PIERCE, FL 34950
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Priced at Only: $359,999
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Address: 1706 Avenue D, FORT PIERCE, FL 34950
Property Location and Similar Properties
- MLS#: TB8489404 ( Residential Income )
- Street Address: 1706 Avenue D
- Viewed: 2
- Price: $359,999
- Price sqft: $180
- Waterfront: No
- Year Built: 1951
- Bldg sqft: 1995
- Bedrooms: 5
- Total Baths: 4
- Additional Information
- Geolocation: 27.4532 / -80.342
- County: SAINT LUCIE
- City: FORT PIERCE
- Zipcode: 34950
- Subdivision: Courtney Terrace Sub
- Provided by: RICHARD PETERS REALTY LLC
- Contact: KEVIOUS DOUGLAS, LLC
- 352-448-9712

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DescriptionInvestors and creative financing enthusiasts, this multi family property presents a compelling opportunity to build immediate cash flow with significant upside potential. This four unit building features three one bedroom/one bathroom units and one two bedroom/one bathroom unit, offering a total of five bedrooms and four bathrooms across the property. The Upside: The numbers speak for themselves. One bedroom units command $1,100 per month, while the two bedroom unit can achieve $1,250 to $1,300 monthly. Fully occupied, total potential revenue reaches $4,550 $4600 per month against a mortgage of just $2,467.40, yielding an estimated gross cash flow exceeding $2,082 monthly. Unit 2 is currently occupied and generating $1,100 in rental income. All appliances are included, the water heater was replaced in 2023, and most window AC units have been updated since 2023. Utilities operate on a single meter, and the seller currently covers rodent and pest control monthlya manageable expense for the next owner to assume. Potential Cap Rate of 12% and COC of 5.8%. The Work Needed: This property is livable with no major structural concerns, though it does present cosmetic and minor repair opportunities. The floor in Unit 4's main room has some sloping. Window upgrades throughout the building would enhance efficiency and curb appeal. The back porch stairs could be redone, and Unit 2 has a bedroom window replaced with plexiglass and bars. Units 1, 3, and 4 are currently vacant and ready for turnover improvements to maximize rental potential. The Opportunity: The seller is actively entertaining all creative financing offers, including seller financing and other flexible deal structures. This is a rare chance to acquire a cash flowing multi family asset with built in equity upside through strategic renovations. Whether you are a seasoned investor or building your portfolio, this property deserves your immediate attention. Bring your best creative offer today. No assignable contracts.
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Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Private Entrance
- Living Area: 1700.00
- Roof: Shingle
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Wall/Window Unit(s)
- Heating: None, Ductless
- Sewer: Public Sewer
- Utilities: Public
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2025
Other Features
- Country: US
- Interior Features: Solid Surface Counters, Solid Wood Cabinets
- Legal Description: COURTNEY TERRACE S/D W 35 FT OF LOTS 15 AND 16 AND N 10 FT OF E 90 FT OF LOT 16
- Area Major: 34950 - Fort Pierce
- Parcel Number: 24-09-601-0016-0001
- Zoning Code: NEIGHBORHO
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- Natalie Gorse, REALTOR ®
- Tropic Shores Realty
- Office: 352.684.7371
- Mobile: 352.584.7611
- Mobile: 352.799.3239
- nataliegorse352@gmail.com
















