511 TEXAS COURT FORT PIERCE FL 34950 MLS #TB8353000

Incredible Triplex Opportunity in Fort Pierce!!
Don’t miss out on this fantastic opportunity to own a well-maintained triplex in a rapidly appreciating neighborhood in Fort Pierce! Perfect for both investors and owner-occupants, this property offers tremendous potential with below-market rents and the chance to increase rental income. With three separate buildings sitting on a massive lot, this property is ideal for those seeking space, privacy, and a solid income-generating investment.
The triplex consists of three updated units, totaling 8 bedrooms and 3 bathrooms. Each unit has been meticulously maintained and features luxurious, durable tile flooring, including beautiful modern wood-style tile throughout. The units have open, functional layouts that offer a comfortable living experience for tenants, with kitchens that are as practical as they are stylish.

One of the standout features of this property is the brand-new metal roofs on all three units—installed less than a year ago—providing peace of mind for years to come. Additionally, the units are separately metered for both water and electricity, and tenants are responsible for their own utilities, which is a huge benefit for investors looking for a hassle-free investment.
The property has also had recent upgrades, including new re-piping for the water supply lines and replaced electrical boxes. Each unit has its own window AC unit for individual climate control. While the property has been well-kept, it still presents an opportunity for some cosmetic updates to increase its value even further.
With current rents of $1,000 for a 3-bedroom, $900 for a 2-bedroom, and $1,250 for a 3-bedroom unit, the property generates $3,150 per month in rental income. Based on comparable market rates, there is an opportunity to increase the rental income to $4,000–$4,100 per month, providing great potential for higher returns.
This property is ideal for investors looking to capitalize on a growing area or for an owner-occupant who wants to live in one unit while renting out the others. Located in a coveted neighborhood, with ample space for parking or storage, this triplex offers both value and opportunity.
Easy to show—schedule your viewing today!

Property Details

Price:

$569,999

MLS #:

TB8353000

Status:

Active

Beds:

8

Baths:

3

Address:

511 TEXAS COURT

Type:

Multi Family

Subtype:

Triplex

Subdivision:

CRAMERS ADD

Neighborhood:

34950 – Fort Pierce

City:

FORT PIERCE

Listed Date:

Feb 20, 2025

State:

FL

Finished Sq Ft:

2,835

ZIP:

34950

Lot Size:

9,000 sqft / 0.21 acres (approx)

Year Built:

1905

Units:

3

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