$1,112,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
8
Square Footage:
8,003
Lot Size (sq. ft.):
41,818
Status:
Closed
Current Price:
$1,112,000
List Date:
6/24/2025
Last Modified:
9/25/2025
Description
Investor opportunity in the heart of Fort Pierce! 1215 Hartman is a mid-century, 11-unit concrete block community on nearly an acre. This stable asset features eight efficient 1BRs, a large 1BR with 2BR potential, and two oversized 2BR/1BA units easily reconfigurable as 3BRs each with a private courtyard. The exterior was just freshly painted, and a light renovation blueprint completed on Unit 6 is ready to scale. With tenants covering utilities and near 100% occupancy for 3+ years, new ownership can achieve 8%+ returns through rent growth and chargebacks. Minutes from beaches, parks, and downtown, 1215 Hartman offers lifestyle appeal and strong cash flow.
Highlights:
3+ years near-full occupancy
Freshly painted exterior
Renovation-ready template in place
Tenant-paid utilities & RUBS potential
Reconfigurable floor plans for added value
Central location near I-95 and beaches
8%+ projected CAP rate
Private courtyards in large units
More Information MLS# 1049825
Location, Tax, and Legal
Tax Account: 1234567
Parcel Number: 2418-141-0005-000-8
General County Location: Out of Brevard
Tax Annual Amount: 13041
Tax Year: 2024
Tax Legal Description: 18 35 40 FROM NE COR OF SEC RUN S ALG E SEC LI 1899.22 FT FOR POB, TH S 88 DEG 45 MIN W 265 FT, TH S 209 FT, TH N 88 DEG 45 MIN E 120 FT, TH N 70 FT, TH N 88 DEG 45 MIN E 145 FT, TH N 139 FT TO POB-LESS E 25 FT- (0.96 AC)
Directions: I-95 take exit 131 and head east on hwy 68. Turn Right on Hartman Rd and 1215 Hartman Rd will be on your right 2-3 miles down.
General Property Information
Number Of Buildings: 4
Number Of Units Total: 11
Stories Total: 1
Bathrooms Half: 0
Building Area Total: 8003
Lot Size Acres: 0.96
Lot Size Square Feet: 41817.6
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Senior Community YN: No
Water Body Access YN: No
Direction Faces: East
Pool Private YN: No
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Remarks and Miscellaneous
Public Remarks: Investor opportunity in the heart of Fort Pierce! 1215 Hartman is a mid-century, 11-unit concrete block community on nearly an acre. This stable asset features eight efficient 1BRs, a large 1BR with 2BR potential, and two oversized 2BR/1BA units easily reconfigurable as 3BRs each with a private courtyard. The exterior was just freshly painted, and a light renovation blueprint completed on Unit 6 is ready to scale. With tenants covering utilities and near 100% occupancy for 3+ years, new ownership can achieve 8%+ returns through rent growth and chargebacks. Minutes from beaches, parks, and downtown, 1215 Hartman offers lifestyle appeal and strong cash flow.
Highlights:
3+ years near-full occupancy
Freshly painted exterior
Renovation-ready template in place
Tenant-paid utilities & RUBS potential
Reconfigurable floor plans for added value
Central location near I-95 and beaches
8%+ projected CAP rate
Private courtyards in large units
Closing Company Details
Closing Company Name: Ville Law, Jeff Ville, Jeff@villelaw.com, 321-242-4777
Closing Company Address: 525 N Harbor City Blvd, Melbourne, FL 32935
Construction Materials
Block: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
Heating
Other: 1
Laundry Features
Common Area: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Parking Features
Unassigned: 1
Possession
Close Of Escrow: 1
Road Frontage Type
County Road: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1000
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market rent
Unit 2 Details
Unit ID: 2
Actual Rent: 1000
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Unit 3 Details
Unit ID: 3
Actual Rent: 995
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Unit 4 Details
Unit ID: 4
Actual Rent: 1050
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Unit 5 Details
Unit ID: 5
Actual Rent: 1000
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Unit 6 Details
Unit ID: 6
Actual Rent: 1200
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Unit 7 Details
Unit ID: 7
Actual Rent: 995
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Unit 8 Details
Unit ID: 8
Actual Rent: 975
Unit SqFt: 400
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Below Market Rent
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $1,112,000
Original List Price: 1375000
Sold Price: $1,112,000
Status: Closed
Listing Contract Date: 2025-06-23
Property Sub Type: Multi Family
Location Tax and Legal
MLS Area Major: 999 - Out of Area
Status Change Information
Major Change Timestamp: 2025-09-25T21:26:49Z
Major Change Type: Status Change
Status Change Timestamp: 2025-09-25
Purchase Contract Date: 2025-07-24
Close Date: 2025-09-25
Close Price: 1112000
Property Features
Construction Materials: Block
Cooling: Wall/Window Unit(s)
Current Use: Multi-Family
Heating: Other
Laundry Features: Common Area
Levels: One
Listing Terms: Cash; Conventional; Other
Parking Features: Unassigned
Possession: Close Of Escrow
Road Frontage Type: County Road
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Septic Tank
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office:
Denovo Realty
Last Updated: September - 25 - 2025
Information is deemed to be reliable, but is not guaranteed.