About this home
Excellent investment opportunity on South Hutchinson Island! This well-located five-plex at 1240 Carlton Court features five one-bedroom, one-bath residences with approximately 4,400 square feet of total living area and storage space on a spacious 0.34-acre lot. Built in 1981, the property offers strong income-producing potential in one of Fort Pierce's most desirable rental areas. Residents enjoy convenient access to beautiful beaches, the Indian River Lagoon, restaurants, shopping, marinas and nearby downtown Fort Pierce. An outstanding opportunity for investors seeking multiple rental units, long-term appreciation and an island location with year-round tenant appeal. Buyer to verify all measurements, unit details and financial information.
Listing last checked: Listing updated:
Listed by Donna L Benton · Southern Castles · MLS #B26056972
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Details at a glance
Interior3 property facts
- Heating
- Central
- Cooling
- Central Air, Ceiling Fan(s)
- Flooring
- Laminate, Tile, Wood
Building5 property facts
- Style
- Multi Family
- Year built
- 1981
- Parking
- 8
- Foundation
- Slab
- Roof
- Concrete, Tile
Land & utilities4 property facts
- Lot size
- 0.34 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- HI Medium
Financial3 property facts
- Annual taxes
- $16,729
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $2,049,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$11,755 / monthAdjust
- Principal & interest
- $10,361
- Property tax
- $1,394
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $16,729. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Sld
$399,000 · Sold $359,000 · Jul 22, 2015
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About 1240 CARLTON Court
Can I request a private showing?
Request a tour of 1240 CARLTON Court and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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