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Description
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
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Roof Type: Shingle
Taxes: $13,212
Year Built: 1976
General Information
Sqft: 5,588
County: Saint Lucie
Subdivision: ISLAND HOUSE CONDO
Listed By:
Rosana Penzo Pacini
LA ROSA RTY WINTER GARDEN LLC
407-614-5158
MLS ID: O6376704
Amenities
Open Floorplan
Sidewalk
Property Features
Annual Net Income: 53218.00
Days on Site: 46
Directions: From I-95, take Exit 129 for FL-70 E/Okeechobee Rd, turn right onto S 25th St, then turn left onto Oleander Blvd to reach Island House Condominiums; once at the complex, you must enter exclusively through Gate #1 and proceed to the Buildings.
Exterior: Stucco
Flood Zone Code: X
Foundation: Slab
HOA Fee: 4380/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Ownership: Fee Simple
Pets Allowed: Size Limit
Pets Size: Medium (36-60 Lbs.)
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Units: 7
Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: HIGH DESIT
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2050 Oleander Boulevard, Unit #5-202 #10, Fort Pierce, FL 34950.
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Estimated Payment
$ 3,263.05 per month $1,989.97 Principal & Interest $1,101.00 Property Tax $172.08 Homeowner's InsuranceChange Payment Information
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