914 Shorewinds Drive, Fort Pierce, FL 34949

Property Description

Perfect location on N. Hutchinson Island. This two-story triplex is one block from the ocean and directly across from the Inlet State Park. All 3 townhouse units enjoy Impact windows, granite countertops and SS appliances. Units are in good condition with wood flooring on the first floor and newer carpeting on 2nd floor. All 3 tri-plex units in the building are currently under one tax ID number, but can be divided into three separate units, each with an individual tax ID number. All units are separately metered for electric and city water. Another huge plus, no HOA. The tenants are all long-term and are month to month paying well below market value and subject to a 30-day notice if desired. THERE ARE A FEW OPTIONS FOR INVESTORS, read on: (1) keep the building as 1 tax ID. Renovated units are being rented for $1,900 per mo. for 2bdr units and $1,800 per mo. for the 1bdr unit. (2) Divide the building into 3 separate units (with 3 individual tax ID numbers). The process for this with the county is 60 - 90 days and you can verify this with the county building department. Several individual units from other buildings in the same row have recently sold (renovated) for $300,000 - $315,000 each. Sell one unit, keep the other two, sell two units or sell all three units for over 900K. The above information is deemed accurate, but buyers should verify with St. Lucie County Planning and Development.