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331 Hernando St, #Units 1-2-3, Fort Pierce, FL, 34949 | $728,000
The property is ideally located on the south side of the Fort Pierce Inlet and Jetty, while the north side features a state park. This versatile property can be configured as a duplex or triplex and is fully rented with fantastic tenants. A mere three-minute walk takes you to the public beach, and you're just five minutes from the jetty inlet and local restaurants.
Looking ahead, there's the potential for a Brightline high-speed train station nearby by 2028, which would mean just a 90-minute ride to Miami or Orlando, avoiding traffic. There is local airport in Ft. Pierce, as well international airports in Vero Beach and West Palm next door. This property is perfect candidate for a 1031 exchange, a conversion to a triplex or single family home, or as a short-term rental for platforms like Airbnb or VRBO. Check out this walkthrough to the beach.
Discover the best-kept secret of the Treasure Coast of Florida: South Hutchinson Island in Fort Pierce, near the inlet. The property is ideally located on the south side, while the north side features a state park, inlet, and jetty. This versatile property can be configured as a duplex or triplex and is fully rented with fantastic tenants.
A mere three-minute walk takes you to the public beach, and you're just five minutes from the jetty inlet and local restaurants. Ever wanted to enjoy a Rum Runner drive-through? This laid-back, down-to-earth spot has a vibe that feels "Buffett-esque, " if you know what I mean.
Looking ahead, there's the potential for a Brightline high-speed train station nearby by 2028, which would mean just a 90-minute ride to Miami or Orlando, avoiding traffic. There is local airport in Ft. Pierce, as well international airports in Vero Beach and West Palm next door.
This property is perfect candidate for a 1031 exchange, a conversion to a triplex, or as a short-term rental for platforms like Airbnb, VRBO, or Expedia. Alternatively, one could live in one unit and rent out the other(s) to cover your mortgage.
Features
- Property Type: Hotel/Motel
- Construction: Concrete
- Levels: 1
- Cooling: Central Air
- Units: 3
- Lot Size: 60 x 125
- Year Built: 1957
- Approx Sq. Feet: 2,102
- Acreage: 0.17
- Est. Taxes: $13,868
- MLS#: TB8312233
- Days on Market: 26 days
- Website: https://www.raveis.com
/prop/TB8312233/331hernandost_fortpierce_fl?source=qrflyer
Listing courtesy of MIAMI WATERFRONT REALTY Phone: 305-970-2884
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
331 Hernando St, #Units 1-2-3, Fort Pierce, FL, 34949
$728,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $582,400 | $582,400 | $582,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
| Monthly Tax Payment | $1,156 | $1,156 | $1,156 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,826 | $3,871 | $4,911 |
| Total Monthly Payment | $5,074 | $5,119 | $6,159 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388