Port Salerno (Florida, US - 34997)
MLS® $200,000


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Illustrated Properties


Alexander Haigh
 
Alexander Haigh
Email Alexander
 
Phone: (772)240-0997
Cell: (772)240-0997
Fax: (772) 221-1255
 
Details

Address: 5010 SE Railway Av Type: Multifamily Style: Cottages Bedrooms: 5 "total of 3 dwellings" Bathrooms: 3 "1 each dwelling" Size: 1,800 sq. ft. "between 3 dwellings" Lot Type: Rectangular Year Built: 1915
 
Description

Invest in the historic fishing village of Port Salerno, the Sailfish Capital of the World, in Martin County, Florida. This is a tremendous opportunity to capitalize on real estate appreciation, rental income, and scheduled increases in rental rates. Property consists of three free-standing rental cottages approximately 750 square feet each. Two bedroom/1 bath cottages are currently being used for rental income. They generate $25,000-$30,000 annually. Property has some deferred maintenance. This gateway property is steps away from the Manatee Pocket Marina and just minutes to the St. Lucie inlet and the Atlantic Ocean. Property is located in the Mixed Use Commercial Town Center Overlay CRA (Community Redevelopment Association), allowing retail, mixed use, town home, and multi-family projects. Unlimited opportunities for rental income and future mixed use retail; perfect for marine related industries or builders for multi-family projects such as town homes. Let renters pay for this investment with positive cash flow!
 
P2#38774910

Information is deemed to be correct but not guaranteed.