"STRATEGIC INVESTMENT OPPORTUNITY. Exceptional portfolio of 7 units for sale at the sought-after Island House Condominiums. This package offers a rare opportunity for investors to acquire a significant footprint within a stable, high-demand rental community in Fort Pierce. Units are well-maintained and feature functional layouts, perfect for long-term tenants. Centrally located minutes from River State College, shopping centers, and major transport links. The association covers water, exterior maintenance, and interior plumbing, simplifying management. A key advantage for the future owner: each unit carries its own unique Tax ID and legal description. This provides maximum flexibility to finance or sell units individually, allowing for a quick cash-out strategy or staggered divestment. Ideal for portfolio growth or 1031 Exchange. DO NOT DISTURB TENANTS. Financials available upon request."This property is part of a 7-property portfolio. Can be sold together or individually. See MLS#s #O6376625 #O6376666 #O63776675 #O6376684 #O6376690 #O6376693 #O6376698
Financial Considerations
Price:
$590,000
HOA Fee:
4380
Tax Amount:
$13212
Price per SqFt:
$105.58
Tax Legal Description:
ISLAND HOUSE CONDOMINIUM PHASE II BLDG V APT 202 AND PRO-RATA SHARE IN COMMON ELEMENTS (OR 3855-1002; 3941-411) /ISLAND HOUSE CONDOMINIUM-PHASE III (BLDG X) UNIT 106 (OR 3661-115: 3896-46) /ISLAND HOUSE CONDOMINIUM-PHASE III (BLDG X) UNIT 203 / ISLAND HOUSE CONDOMINIUM-PHASE III (BLDG X) UNIT 206 (OR 3731-1679: 3913-1307) /ISLAND HOUSE CONDOMINIUM-PHASE III BLDG XI- UNIT 108 /ISLAND HOUSE CONDOMINIUM PHASE IBLDG IV APT 203 (OR 3859-2801) /ISLAND HOUSE CONDOMINIUM PHASE IBLDG II APT 104 (OR 3658-2286: 3885-1147)