Property Description

1150 Carlton Court is a six-unit multifamily property located in Fort Pierce, Florida. The asset consists of a single residential building totaling approximately 5,272 square feet situated on a +0.25-acre parcel. Originally constructed in 1963, the property has recently completed a comprehensive renovation program and is positioned as a turnkey investment opportunity. The property is comprised of four one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. All units are currently vacant, providing an investor the ability to implement an immediate lease-up strategy at prevailing market rents without tenant displacement or rollover risk. This property enjoys no restrictions on Short-Term Rentals in this municipality, presenting an exciting opportunity for those strategies.