2603 Booker St

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2603 Booker St

Fort Pierce, FL 34947
Asking Price
$1.50M
Asset Type
Multifamily
Class
Class B

What's Special

2603 Booker St is located in the Zora Neale Hurston neighborhood of Fort Pierce, Florida. The property is situated within a residential pocket characterized by single-family homes and small-scale apartment buildings. The site offers proximity to diverse local amenities, including the Intermodal Transit Center and several community parks. Downtown Fort Pierce and the waterfront district are approximately two miles to the east, providing access to dining and retail centers. The location is served by the Area Regional Transit (ART) bus system, and major corridors such as U.S. Route 1 and Interstate 95 are accessible via local collector roads. This multifamily asset is positioned for long-term residential occupancy or a value-add redevelopment project. The location is suited for workforce housing, catering to a tenant profile employed in the city’s growing maritime, healthcare, and logistics sectors. The neighborhood’s proximity to Indian River State College and the downtown business core supports consistent demand for rental units. Ideal use cases include traditional long-term leasing or specialized residential housing programs. Given the surrounding residential context, the site offers a stable environment for management looking to serve the local Fort Pierce workforce.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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