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642 & 646 Eldorado Street
Fort Pierce, FL 34949
Asking Price
$2.40M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 8 Units <ul><li>Strong In-Place Cash Flow - ~$168,000 Gross Annual Income</li><li>The buildings currently averages approximately $1,750 per unit in monthly rent, generating projected gross income of approximately $14,000 monthly and $168,000 annually across the eight-unit portfolio.</li><li>Eight Large-Format Units with Proven Rental Demand</li><li>The property consists entirely of spacious 2-bedroom, 1.5-bath units averaging approximately 1,001 square feet, supporting broad tenant appeal and long-t
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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686
