$1,375,000

$250/sq ft

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Overview

Year Built

1970

Sqft

5511

Property Type

Multi Family

Property Description

One or more photo(s) has been virtually staged. Investor opportunity in the heart of Fort Pierce! 1215 Hartman is a mid-century, 11-unit concrete block community on nearly an acre. This stable asset features eight efficient 1BRs, a large 1BR with 2BR potential, and two oversized 2BR/1BA units easily reconfigurable as 3BRs each with a private courtyard. The exterior was just freshly painted, and a light renovation blueprint completed on Unit 6 is ready to scale. With tenants covering utilities and near 100% occupancy for 3+ years, new ownership can achieve 8%+ returns through rent growth and chargebacks. Minutes from beaches, parks, and downtown, 1215 Hartman offers lifestyle appeal and strong cash flow. Highlights: 3+ years near-full occupancy Freshly painted exterior Renovation-ready template in place Tenant-paid utilities & RUBS potential Reconfigurable floor plans for added value Central location near I-95 and beaches 8%+ projected CAP rate Private courtyards in large units

Property Details

MLS#

O6321649

Total Floor in Bldg

1

Address

1215 HARTMAN

City

Fort Pierce

State/county

FL

Zip/Postal Code

34947

Area

Metes & Bounds

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,585

Maint Fee

$--

Tax Year

2024

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