Mutter Realty

$1,112,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1049825

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

Overview

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

Listing Details MLS# 1049825

General Property Information

Number Of Buildings: 4
Number Of Units Total: 11
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Building Area Total: 8003
New Construction YN: No
Garage YN: No
Carport YN: No
Lot Size Acres: 0.96
Lot Size Square Feet: 41817.6
Association YN: No
Water Body Access YN: No
Stories Total: Yes
Direction Faces: East
Pool Private YN: No
Senior Community YN: No

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

Contract Information

Original List Price: 1375000
Listing Contract Date: 2025-06-23
Property Sub Type: Multi Family

Location Tax and Legal

MLS Area Major: 999 - Out of Area

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

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

More Information

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

Unit 1 Details

Unit ID: Yes
Actual Rent: 1000
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market rent

Unit 2 Details

Unit ID: 2
Actual Rent: 1000
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Unit 3 Details

Unit ID: 3
Actual Rent: 995
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Unit 4 Details

Unit ID: 4
Actual Rent: 1050
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Unit 5 Details

Unit ID: 5
Actual Rent: 1000
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Unit 6 Details

Unit ID: 6
Actual Rent: 1200
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Unit 7 Details

Unit ID: 7
Actual Rent: 995
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Unit 8 Details

Unit ID: 8
Actual Rent: 975
Unit SqFt: 400
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Below Market Rent

Listing Office: Denovo Realty

Last Updated: September - 25 - 2025

Information is deemed to be reliable, but is not guaranteed.