505 N 27th St Fort Pierce, FL 34947
Estimated payment $2,811/month
Highlights
- Room in yard for a pool
- Central Heating and Cooling System
- Under Construction
- Awning
- Concrete Flooring
About This Home
BRAND NEW Duplex Investment Opportunity! This exceptional property boasts a monthly gross revenue of $4,974 making it an ideal addition to any real estate portfolio. It has an impressive annual gross income of nearly $60,000. With a cap rate of approximately 10.04%, this investment offers a compelling rate of return that surpasses many market alternatives. Each unit is extremely efficient and situated in a high-demand location, ensuring consistent tenant interest and dependable cash flow. Don't miss your chance to secure this lucrative investment property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $455
Year Built
- Built in 2025 | Under Construction
Home Design
- Duplex
- Metal Roof
Interior Spaces
- 1,760 Sq Ft Home
- 1-Story Property
- Awning
- Concrete Flooring
Utilities
- Central Heating and Cooling System
- Septic Tank
- Cable TV Available
Additional Features
- Room in yard for a pool
- 0.34 Acre Lot
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 240850200310005
- Seller Considering Concessions
Community Details
Overview
- 2 Units
- Magnolia Park Subdivision
Building Details
- Operating Expense $7,000
- Net Operating Income $52,688
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $451 | $26,000 | $26,000 | -- |
| 2023 | $451 | $28,200 | $28,200 | $0 |
| 2022 | $375 | $19,300 | $19,300 | $0 |
| 2021 | $308 | $10,800 | $10,800 | $0 |
| 2020 | $184 | $5,800 | $5,800 | $0 |
| 2019 | $245 | $8,100 | $8,100 | $0 |
| 2018 | $139 | $5,400 | $5,400 | $0 |
| 2017 | $134 | $5,400 | $5,400 | $0 |
| 2016 | $116 | $3,600 | $3,600 | $0 |
| 2015 | -- | $3,100 | $3,100 | $0 |
| 2014 | -- | $3,100 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | For Sale | $525,000 | -- | $298 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $15,000 | First International Ttl Inc | |
| Quit Claim Deed | -- | Attorney |
Source: BeachesMLS
MLS Number: R11111382
APN: 24-08-502-0031-0005
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