511 TEXAS CT Fort Pierce, FL 34950
8 Beds
3 Baths
2,835 SqFt
UPDATED:
02/21/2025 10:00 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,835 sqft
Price per Sqft $202
Subdivision Cramers Add
MLS Listing ID TB8353000
Bedrooms 8
HOA Y/N No
Originating Board Stellar MLS
Year Built 1905
Annual Tax Amount $6,939
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Triplex
Property Description
Don't miss out on this fantastic opportunity to own a well-maintained triplex in a rapidly appreciating neighborhood in Fort Pierce! Perfect for both investors and owner-occupants, this property offers tremendous potential with below-market rents and the chance to increase rental income. With three separate buildings sitting on a massive lot, this property is ideal for those seeking space, privacy, and a solid income-generating investment.
The triplex consists of three updated units, totaling 8 bedrooms and 3 bathrooms. Each unit has been meticulously maintained and features luxurious, durable tile flooring, including beautiful modern wood-style tile throughout. The units have open, functional layouts that offer a comfortable living experience for tenants, with kitchens that are as practical as they are stylish.
One of the standout features of this property is the brand-new metal roofs on all three units—installed less than a year ago—providing peace of mind for years to come. Additionally, the units are separately metered for both water and electricity, and tenants are responsible for their own utilities, which is a huge benefit for investors looking for a hassle-free investment.
The property has also had recent upgrades, including new re-piping for the water supply lines and replaced electrical boxes. Each unit has its own window AC unit for individual climate control. While the property has been well-kept, it still presents an opportunity for some cosmetic updates to increase its value even further.
With current rents of $1,000 for a 3-bedroom, $900 for a 2-bedroom, and $1,250 for a 3-bedroom unit, the property generates $3,150 per month in rental income. Based on comparable market rates, there is an opportunity to increase the rental income to $4,000–$4,100 per month, providing great potential for higher returns.
This property is ideal for investors looking to capitalize on a growing area or for an owner-occupant who wants to live in one unit while renting out the others. Located in a coveted neighborhood, with ample space for parking or storage, this triplex offers both value and opportunity.
Easy to show—schedule your viewing today!
Location
State FL
County St Lucie
Community Cramers Add
Zoning MEDIUM DEN
Interior
Interior Features Ceiling Fans(s)
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Roof Type Metal
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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