NOT LISTED FOR SALE

1311 Emerald Terrace Fort Pierce, FL 34950

-- Bed
4 Baths
2,768 Sq Ft
10,890 Sq Ft Lot

Last Sold March 18, 2024

Last sale price $575,000 $208 Per Sq Ft

80 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2024

Incredibly unique multifamily property with 4 UNITS! Consisting of two spacious apartments (2 beds/1 bath each) and two (1 bed/1 bath each) studio apartments. Custom built in 2009 with a modern open living space. Fully equipped with 2 laundry rooms, concrete block construction, private parking, full impact windows and tile floors throughout. This lot is deep and has ample room for cars, boats and trailers. No HOA, no restrictions. Located in a desirable area within the growing city of Ft. Pierce. With no differed maintenance rental rates could be increased. All units are currently occupied, 2 are leased, 2 are month to month This well-built Quadplex is a great investment opportunity for investors seeking immediate cash flow!

Last Agent to Sell the Property

Trenton Harris

Atlantic Shores ERA Powered License #3302079 Listed on: 02/01/2024

Atlantic Shores ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,164

Year Built

  • Built in 2009

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75x140

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4 Bathrooms
  • 2,768 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Washer and Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 240982000200005

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $56,400
  • Net Operating Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,164

Year Built

Built in 2009

Lot Details

0.25 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: US-1 North to Virginia Ave, turn left go east. Right on 13th st going north to Emerald Ave, turn left.
  • Year Built: 2009
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Tile
  • Living Area: 2768.0

Exterior Features

  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Special Assessment
  • Construction Type: Block, Stucco
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Outside
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 240982000200005
  • Lot Size Acres: 0.25
  • Lot Size: 75x140
  • Lot Size Sq Ft: 10890.0
  • Mobile Dim Units: Feet
  • Zoning: Residential

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Property Net Operating Income: 54000.0
  • Number Of Units In Community: 4
  • Annual Gross Income: 56400.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6164.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2024 03/18/24 Sold $575,000 -3.4% $208 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $595,000 -- $215 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,606 $510,300 $80,700 $429,600
2024 $6,164 $458,800 $75,000 $383,800
2023 $6,164 $427,000 $73,600 $353,400
2022 $5,650 $386,500 $54,100 $332,400
2021 $5,117 $318,800 $21,700 $297,100
2020 $4,609 $272,000 $10,600 $261,400
2019 $4,296 $263,400 $10,600 $252,800
2018 $3,543 $213,300 $10,000 $203,300
2017 $3,033 $157,200 $7,400 $149,800
2016 $2,760 $137,100 $7,000 $130,100
2015 $2,272 $84,400 $5,900 $78,500
2014 -- $81,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10944165

BeachesMLS (Greater Fort Lauderdale)
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