Address: 642 & 646 Eldorado Street, Hutchinson Island, FL 34949
Description
Prime investment opportunity near the Intracoastal and ocean, offering easy access to both. Located close to Jetty Park, restaurants, and entertainment, this property features 4 two bedroom, 1.5 bath units per building. Currently rented, with potential for short term rentals, which are allowed in Ft. Pierce. Each unit is separately metered, and tenants pay utilities. Ideal for investors seeking passive income in a highly desirable location. Can be purchased together or separately.
Prime investment opportunity near the Intracoastal and ocean, offering easy access to both. Located close to Jetty Park, restaurants, and entertainment, this property features 4 two bedroom, 1.5 bath units per building. Currently rented, with potential for short term rentals, which are allowed in Ft. Pierce. Each unit is separately metered, and tenants pay utilities. Ideal for investors seeking passive income in a highly desirable location. Can be purchased together or separately.
Features
Building and Construction
Absolute Longitude: 80.292966
Construction: Frame, Stucco
Exterior Features: Open Balcony, Open Patio
Flooring: Tile, Wood Floor
Roof: Other
Sqft Source: Tax Rolls
Sqft Total: 4740.00
Total Building Sqft: 4004.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: < 1/4 Acre, 1/4 to 1/2 Acre
Lot Dimensions: 130x85
Subdivision Information: None
Eco-Communities
Private Pool: No
Storm Protection Impact Glass: Complete
Waterfront Details: None
Utilities
Carport Spaces: 8.00
Cooling: Electric
Heating: Electric
Number Of Stories: 2.0
Separate Elec Meters: Yes
Separate Wtr Meters: No
Utilities: Public Sewer, Public Water
Finance and Tax Information
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 110539.00
Income Expenses Annual Total Expense: 56861.00
Income Expenses Gross Operating Inc: 7550.00
Source Of Expenses: Other
Tax Year: 2023
Rental Information
Tenant Pays: Cable, Electric, Sewer, Water
Other Features
Avail Info: None
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: OCEAN VIEW S/D REVISED PLAT HOLLEY AND MORGAN`S S/D BLK 6 N 38.96 FT OF LOT 10 AND S 40.92 FT OF LOT 11
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