1155 Northeast Railroad Street

Jensen Beach, FL 34957

$2,000,000
Price
Beds
552 Sq. Ft.
$3,623 / Sq. Ft.
552
Sq. Ft.
$3,623
per Sq. Ft.

Description

Welcome to the up and coming, quaint town of Rio, FL located in one of the tax benefit Opportunity Zones! This is a bulk sale of 17 moblie homes along with the 3.4 acres of land they sit on. No HOA community and most of the mobile homes have their own lot with well water and septic tanks. One vacant parcel is included in the sale as well. Public sewer lines were installed few years ago on the streets, so you have ability to hookup to them. Wonderful long term investment property with list of tenants...Welcome to the up and coming, quaint town of Rio, FL located in one of the tax benefit Opportunity Zones! This is a bulk sale of 17 moblie homes along with the 3.4 acres of land they sit on. No HOA community and most of the mobile homes have their own lot with well water and septic tanks. One vacant parcel is included in the sale as well. Public sewer lines were installed few years ago on the streets, so you have ability to hookup to them. Wonderful long term investment property with list of tenants wanting to move in, zero vacancy!
  1. Listed by Davidde L. Giordano • Water Pointe Realty Group • 561-379-4848

Property Details for 1155 Northeast Railroad Street

Subdivision
RIO ST LUCIE TERRACE
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of Water Pointe Realty Group
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LISTING UPDATED: 04/11/2024 09:39 AM

Property Details for 1155 Northeast Railroad Street

StatusActive
MLS #RX-10968675
Days on Market45
Taxes$1,213 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1956
Lot Size0.22 AC / 9,527 SF
CountyMartin County

Location

Listing Courtesy of Water Pointe Realty Group
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Building Information for 1155 Northeast Railroad Street

Stories1Residences-Year Built1956Building Size-Lot Size0.22 AC / 9,527 SF

Payment Calculator

$11,016 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$101

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1155 Northeast Railroad Street

Summary
Location and General Information
  • Property Condition: Resale
  • Geo Area: Martin County (6030; 6050)
  • Special Info: Sold As-Is
  • Street Number: 1155
  • Subdivision Complex Bldg: RIO ST LUCIE TERRACE
  • Municipal Code: Jensen Beach
  • State: FL
  • City Postal ID: 34957
  • MLS Area: 3 - Jensen Beach/Stuart - North of Roosevelt Br
  • MLS Sub Area: MA03
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
Property
Lot Information
  • Area: 3 - Jensen Beach/Stuart - North of Roosevelt Br
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 283741001009000908
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 552
  • Square Ft Source: Tax Rolls
  • Zoning: Mobile/Manuf
Property and Assessments
  • Legal Desc: RIO ST LUCIE TERRACE LOTS 9 & 10 BLK 9
  • Sq Ft Liv Area: 552.0
  • Legal Description: RIO ST LUCIE TERRACE LOTS 9 & 10 BLK 9
Utilities
  • Utilities: Septic, Well Water
Interior and Exterior Features
Exterior Features
  • Construction: Other Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Metal
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Wall-Win A/C
  • Flooring: Linoleum
  • Heating: Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $77,000.00
  • Income & Expenses: Annual Total Expense: $67,000.00
  • Income & Expenses: Gross Operating Inc: $144,000.00
  • Tenant Pays: Electric, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Dishwasher, Range - Electric, Refrigerator
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 600
  • Unit 1 Info: SqFt: 552.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $700
  • Unit 2 Info: SqFt: 600.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: Yes
  • Unit 3 Info: Monthly Income: $1,000.00
  • Unit 3 Info: SqFt: 920.0
  • Unit 3 Parking: Open Parking
Unit 4
  • Unit 4 Desc: Range - Electric, Refrigerator
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: Yes
  • Unit 4 Info: Monthly Income: $800.00
  • Unit 4 Info: SqFt: 600.0
  • Unit 4 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 1155 Northeast Railroad Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1155 Northeast Railroad Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,213 ($101 / month)
Home Facts
Total Finished SqFt552 SqFtAbove Grade Finished SqFt552 SqFtStories1Lot Size9,540 SqFtStyleMobile Home ParksYear Built1956CountyMARTINAPN28-37-41-001-009-00090-8

Schools near 1155 Northeast Railroad Street

This home is within Martin.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Felix A Williams Elementary School
PublicPK to 5

Stuart Middle School
Public6 to 8

Jensen Beach High School
Public9 to 12

Martin County Acceleration Academies
Public8 to 12

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.

Similar Homes

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1155 Northeast Railroad Street is a multi-family home for sale in Jensen Beach, FL 34957. This property was listed for sale on March 14, 2024 by Water Pointe Realty Group, it's currently listed at $2,000,000. This listing's school district is Martin. Nearby schools include Felix A Williams Elementary School, Stuart Middle School and Jensen Beach High School. 1155 Northeast Railroad Street is a 0-bed, 0-bath, 552 sqft multi-family home built in 1956.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Water Pointe Realty Group

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.