Active Properties
3362 Selvitz Rd, Fort Pierce, FL 34981
Waterfront Income Compound | Unmatched Potential for Investors
Off market opportunity to acquire a rare waterfront income producing compound in Fort Pierce Florida.
Property is operating as a high yield income asset with 8 total tenants producing a totoal income of $10,250 per month!
This is a high cash flow, non-conforming income asset ideal for experienced investors seeking yield, flexibility, and long-term appreciation.
Overview
Waterfront parcel with direct water views
Main house configured into multiple studio-style units plus one 2 bed 1 bath
Three detached studio cabins on site
Two additional RV tenants generating supplemental income
Shared grounds
Septic system
Strong in-place occupancy
This is a true Florida-style income compound commonly found in older coastal submarkets.
Why This Deal Works
Waterfront location provides scarcity and downside protection
Strong in-place cash flow relative to price
Multiple income streams on one parcel
Month-to-month tenancy allows repositioning or optimization
Ideal for experienced landlords, portfolio investors, or short/mid-term rental operators
Florida market where non-conforming income properties are commonly held long-term
Exit strategies
Buy and hold as a high yield waterfront income asset
Light cosmetic refresh and resell as a stabilized income property in the low to mid $700s
Simplify use and sell as a waterfront SFR at a strong retail price
This is not a retail home. This is a high-yield waterfront income asset with strong cash flow today and optionality for tomorrow. Properties like this are rarely available in Fort Pierce and are typically held long-term once acquired.
All tenants originally signed leases and are currently month-to-month, allowing flexibility for repositioning, rent adjustments, or unit reconfiguration. Available lease agreements available upon request to serious buyers only.
PROPERTY Details
5,557 Sq. Ft.
0.8 Acre Lot
Additional land was deeded at closing, bringing the total to one full acre. Title will verify the exact size.
PROPERTY LAYOUT & Financials
Main House
#1: 1 Bed/ 1 Bath - $1,300
#2 : 1 Bed/ 1 Bath - $1,600
#3: 2 Bed/ 1 Bath - $1,400
On Property
#4: Studio Cabin - $900
#5: Studio Cabin - $1,250
#6 - Large Studio Cabin - $1,500
#7 - Storage Cabin (Could be converted into studio)
RV 1 - $1,300
Rv 2 - $1,100
Total Monthly Income: $10,350.00
Operating Expenses ( Owner Reported)
Owner currently pays the utilities directly. Tenants are paying rent only.
Annual HOI: $15k/yr
Annual Property Tax: $4,900
Water/Sewer/Gas/Electricity/Maintenance: $1,100/Mo
Internet: $80/Mo
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Annual Gross Income
$123,000
Minus Operating Expenses
$34,060
Net Operating Income
$89,040 annually
infrastructure & UTILITIES
Roof: In good condition
Plumbing : Good working order
Electrical: Good working order. Main house has 2 separate circuit breakers
Hot water heater: First 3 years old | In good condition. The second is older also in good condition.
Appliances: All appliances in each unit are included in sale - Stoves, fridges, washer & dryer
Exterior: Deck has new railing & flooring on the deck
HVAC: Main house has central air. External cabins have window units
Owner will be clearing out all exterior debris off of property prior to closing
asking price
Cash or Hard Money
Multiple Exit Strategies!
Asking Price: $675k
ARV: $700k-$725k+
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Seller Financing Available
Down Payment: $70k
Monthly Payment: $3,500
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
Tour available upon request.
COE before 2/25/26
AREA INSIGHTS
Real Estate Market Trends:
Strong Price Appreciation
The median sale price in ZIP code 34981 is reflecting an increase of roughly 29 percent year over year. This level of appreciation signals strong buyer demand and supports confidence in future resale value for investors pursuing both hold and exit strategies.
Relative Value Within Fort Pierce
ZIP code 34981 trades at a premium compared to surrounding Fort Pierce zip codes, many of which have median prices in the mid $200,000 range. This pricing gap highlights 34981 as a stronger submarket with better underlying fundamentals.
For investors, this supports higher rent ceilings, stronger resale demand, and better long term appreciation relative to lower priced areas.
Rental Market Fundamentals
The Fort Pierce area continues to show healthy rental demand, supported by workforce housing needs, affordability pressures, and population growth within St. Lucie County.
Rents have remained resilient even as the broader sales market normalizes, which is favorable for buy and hold investors focused on income stability and yield.
Investment Considerations
Value Add Potential
Properties in 34981 benefit from cosmetic renovation opportunities that can increase rents and overall asset value, especially when acquired below full retail pricing.Cash Flow Opportunity
Strong rental demand and stable pricing allow investors to achieve favorable cash flow metrics when underwriting conservatively.Long Term Growth
Ongoing redevelopment and infrastructure investment throughout Fort Pierce continue to support long term appreciation and neighborhood improvement.Investor Summary
ZIP code 34981 offers a compelling investment profile characterized by above average appreciation, premium positioning within the Fort Pierce market, balanced buyer demand, and strong rental fundamentals. These factors make the area attractive for investors seeking a combination of income, value add potential, and long term equity growth.