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2507 Ocean Drive N
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PRICED AT ONLY: $2,400,000

Address: 2507 Ocean Drive N, Hutchinson Island, FL 34949

Description

INVESTORS, welcome to your turnkey investment property with a remarkable Net Operating Income of over $92,000 annually. Situated in a prime location on North Hutchinson Island, this property is not just an investment it's an opportunity to own a piece of paradise with outstanding financial returns.This property is a high demand rental on platforms like Airbnb, VRBO, and Booking/com, boasting impressive occupancy rates and a loyal repeat clientele. Nestled in a serene and peaceful area, it's just a short 5 minute stroll to the stunning 10 mile stretch of Hutchinson Island beach.

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  • MLS#: RX-11016392 ( Quad Plex )
  • Street Address: 2507 Ocean Drive N
  • Viewed: 10
  • Price: $2,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1976
  • Bldg sqft: 0
  • Days On Market: 118

Description

INVESTORS, welcome to your turnkey investment property with a remarkable Net Operating Income of over $92,000 annually. Situated in a prime location on North Hutchinson Island, this property is not just an investment it's an opportunity to own a piece of paradise with outstanding financial returns.This property is a high demand rental on platforms like Airbnb, VRBO, and Booking/com, boasting impressive occupancy rates and a loyal repeat clientele. Nestled in a serene and peaceful area, it's just a short 5 minute stroll to the stunning 10 mile stretch of Hutchinson Island beach.
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Features
Building and Construction
  • Absolute Longitude: 80.29698
  • Construction: Block, Concrete
  • Exterior Features: Auto Sprinkler, Custom Lighting, Deck, Open Patio, Open Porch, Outdoor Shower, Room for Pool
  • Flooring: Tile
  • Roof: Metal
  • Sqft Source: Owner
  • Sqft Total: 5958.00
  • Total Building Sqft: 4396.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: 1/4 to 1/2 Acre, Paved Road
  • Subdivision Information: Bike - Jog, Bike Storage, Bocce Ball, Extra Storage, Fitness Trail
Eco-Communities
  • Private Pool: No
  • Storm Protection Panel Shutters: Complete
  • Waterfront Details: Ocean Access
  • Waterfront Frontage: Beach is 3 min. walk
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ceiling Fan, Central Individual, Electric
  • Heating: Central Individual
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Utilities: Public Water, Septic
  • Window Treatments: Blinds
Finance and Tax Information
  • Home Owners Association poa coa Monthly: 0.00
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 92000.00
  • Income Expenses Annual Total Expense: 172000.00
  • Income Expenses Gross Operating Inc: 264000.00
  • Source Of Expenses: Owner
  • Tax Year: 2023
Rental Information
  • Tenant Pays: None
Other Features
  • Avail Info: Inventory
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: FORT PIERCE SHORES-UNIT 3- BLK 8 LOT 9
  • Multiple Ofrs Acptd: Yes
  • Parcel Id: 142560300100002
  • Possession: At Closing
  • Special Assessment: No
  • Special Info: Sold As-Is
  • View: Garden
  • Views: 10
  • Zoning: HutchI
Nearby Subdivisions
Fort Pierce Beach   Fort Pierce Shores   Hutchinson Island   Ocean View Subdivision Replat   
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Discover an incredible investment opportunity with this remodeled 5 plex, offering a total of 9 bedrooms and 6 bathrooms. Perfectly situated in an unbeatable location on South Hutchinson Island, this

  1. Request Information
  1. MLSID: RX-11026871
  2. Provided by Realty One Group Engage
  3. Contact Bernadette M Bunch
  4. (772) 678-2099
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