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3261 S US 1 Highway - $1,250,000

  • StatusActive
  • PetsContact us
  • Year Built1949
  • Square Feet0
  • Bedrooms0
  • StyleMultiFamily (5+ Units)
  • Bathrooms0 ½
  • PoolVillage and Community Pool

Holy Cow! An 11% CAP Rate in South Florida? You Bet! Residential income with many units having been updated and one more duplex is being brought on-line. Electrical has been brought up to code. Some new septic drain fields and one new septic tank have been installed. Newer A/C in A-Frame 2-story home (center of community). Newer fencing and complete termite treatment throughout the complex. 4 contiguous parcels include 3 B/R 2 Bath main residence with carport, workshop, barn, pay washer/dryer facility for the community. First parcel contains 5 fully rented (annual leases) with 2 more units (1 Duplex) coming on-line. Plenty of space to build new units. Parcel 2 contains a 2,000 sq. ft. A-Frame home. Parcels 3-4 contain 3 2/BR 1/BA duplexes, all with impact glass, new concrete porches, freshly painted.

Community Features: Audubon Society, Clubhouse, Dog Park, Driving Range, Fitness Center, Gatehouse, Golden Marsh Golf Course, Golf Pro Shop, Marina, Nature Trails, River Ridge Golf Course, Swim Center, Tennis, Tennis Pro Shop, Yacht Club

© 2019 Martin County REALTORS® of the Treasure Coast, Inc. All rights reserved. The IDX data relating to real estate for rent or sale on this website comes in part from the Martin County Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing provided by Berkshire Hathaway Florida Rea . Information provided is deemed reliable but not guaranteed.