642-646 Eldorado Street

Hutchinson Island, FL 34949

$3,000,000
Price
Beds
8,000 Sq. Ft.
$375 / Sq. Ft.
8,000
Sq. Ft.
$375
per Sq. Ft.

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.

Listing Agents

  1. Michelle Moss

    Michelle Moss

    Listing Agent

    Compass

  2. Scott Reynolds

    Scott Reynolds

    Alternative Listing Agent

    Compass

Property Details for 642-646 Eldorado Street

Subdivision Name
Ocean View
Waterfront
No
Waterfront Features
None
Furnished
Unfurnished
LISTING UPDATED: 09/19/2024 09:09 AM

Property Details for 642-646 Eldorado Street

StatusActive
MLS #281397
Days on Market2
Taxes$20,861 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1984
Lot Size0.26 AC / 11,325 SF
CountySt. Lucie County

Building Information for 642-646 Eldorado Street

Stories2Residences-Year Built1984Building Size-Lot Size0.26 AC / 11,325 SF

Property Information for 642-646 Eldorado Street

Summary
Location and General Information
  • Community Features: None, Other
  • Directions: From US1 East onto Seaway Dr at the traffic circle, continue straight on to stay on Seaway Dr right onto Fernandina St (L) onto Gulfstream Ave. (L) into Eldorado, units on right
  • Postal City: Hutchinson Island
  • Zoning: ,
  • Zoning Description: Multiple
  • Road Surface Type: Paved
Parking
  • Parking Features: Assigned, OffStreet
  • Parking Total: 8
Taxes and HOA Information
  • Association Name: A Plus Property Managemen
  • Tax Annual Amount: $20,861.00
  • Tax Assessed Value: 889900
  • Tax Legal Description: 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
  • Tax Lot: 10&11
  • Tax Year: 2023
Property
Lot Information
  • Lot Features: Item14to12AcreLot
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Dimensions: 130x85
  • Lot Size Range: 1/4 to 1/2 Acre
  • Lot Size Units: Acres
  • Living Area: 8,000.00
  • Parcel Number: 240150300620003 & 240150300540004
  • Possible Use: MixedUse
Property and Assessments
  • Construction Materials: Frame, Stucco
  • Development Name: OCEAN VIEW
  • Human Modified: No
  • Number Of Separate Electric Meters: 8
  • Property Sub Type: Quadruplex
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1984
  • Property Type: ResidentialIncome
Utilities
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Electric
  • Heating: Yes
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Patio
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Roof: Shingle
  • Window Features: None, SingleHung
Interior Features
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Tile, Wood
  • Laundry Features: InUnit
  • Levels: Two
Rental Information
Rent Information
  • Tenant Pays: CableTV, Electricity, Sewer, Water

Property History for 642-646 Eldorado Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 642-646 Eldorado Street

This home is within St. Lucie.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Chester A. Moore Elementary School
PublicPK to 5

Lawnwood Elementary School
PublicPK to 5

Weatherbee Elementary School
PublicPK to 5

St. Lucie Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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642-646 Eldorado Street is a multi-family home for sale in Hutchinson Island, FL 34949. This property was listed for sale on September 19, 2024 by Compass, it's currently listed at $3,000,000. This listing's school district is St. Lucie. Nearby schools include Chester A. Moore Elementary School, Lawnwood Elementary School and Weatherbee Elementary School. 642-646 Eldorado Street is a 0-bed, 0-bath, 8,000 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.