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1016 Chipola Road, Fort Pierce, FL 34950 (MLS# R11069596)

1016 Chipola Road, Fort Pierce, FL 34950

$380,000
Property Type: Residential Income Square Footage: 1,753 Status: Closed
Current Price: $380,000 List Date: 3/09/2025 Last Modified: 5/23/2026

Overview

Description

A fantastic investment opportunity in Fort Pierce! This duplex features two fully rented units, generating immediate rental income. Recent updates include a new roof (2020), renovated floors, brand-new appliances, a new washer and dryer, and a new AC. The units share a washer and dryer, providing added convenience for tenants. With modern upgrades and reliable tenants in place, this turnkey property is a great addition to any investor's portfolio. Don't miss out on this incredible opportunity!

Listing Details MLS# R11069596

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1753
Building Area Source
Public Records
Living Area Main
1753
Year Built
1954
Gated Community YN
No
Lot Size Area
7680
Lot Size Acres
0.18
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories
Yes
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Electric: Three Phase Fencing: Fenced Flooring: Laminate Property Condition: Resale Structure Type: Duplex Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Owner Provided Construction Materials: Block; CBS Cooling: Central Air; Wall/Window Unit(s) Heating: Central; Window/Wall Listing Terms: Cash; Conventional Lot Features: Room for Pool Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Built-Up Storm Protection Details: None Tax Information: City/County Utilities: Cable Available; Water Available Water Access: None Water Source: Public Showing Requirements: Text Listing Agent Outdoor Living Spaces: Porch Porch Details: Porch - Open; Porch - Wrap Around Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen Contingencies: Financing Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
430000

Location and Legal

Country
United States
County Or Parish
St. Lucie
County Parish Name
St Lucie
Street Number
1016
Street Name
Chipola
Street Suffix
Road
City Name
Fort Pierce
State Or Province
FL
Postal Code
34950
Postal Zip
34950
Subdivision Name
PINEWOOD SUBDIVISION
Area
7030
Geographic Area
SL08
Elementary School
Weatherbee
Middle Or Junior School
Dan Mccarty
High School
Fort Pierce Westwood Academy
Parcel Number
241560104400001
Zoning
Medium

Financial Information

Tax Annual Amount
5131
Tax Year
2024
Tax Legal Description
PINEWOOD S/D BLK 28 LOT 14 (UNREC INDENTURE DATED 12-30-92)

Status Change Information

Major Change Timestamp
2025-05-18T14:19:49Z
Major Change Type
Status Change
Status Change Date
2025-05-18
Under Contract Date
2025-04-15
Close Date
2025-05-14
Close Price
380000
Buyer Financing
Conventional

More Information

Meter Information

Separate Electric Meters YN
No
Separate Water Meters YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
5799
Gross Income
35820
Net Operating Income
30021

Unit 1 Details

Actual Rent
1785
Baths Full
Yes
Furnished
Unfurnished
SqFt
1100

Unit 1 Lease Description

Lease Expiration
2025-04-30

Unit 2 Details

Actual Rent
1200
Baths Full
Yes
Furnished
Unfurnished
SqFt
654

Unit 2 Lease Description

Lease Expiration
2025-08-31

Price Calculations

Current Price To SqFt
216.77
Original List Price To Close Price
1.13

Originating Details

Originating System Key
20250309141426871855000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Laminate
Yes

Property Condition

Resale
Yes

Documents Available

Copy Of Lease(s)
Yes

Fencing

Fenced
Yes

Structure Type

Duplex
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Water
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Utilities

Cable Available
Yes
Water Available
Yes

Heating

Central
Yes
Window/Wall
Yes

Water Access

None
Yes

Construction Materials

Block
Yes
CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Room for Pool
Yes

Roof

Built-Up
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

Text Listing Agent
Yes

Restrictions

No Restrictions
Yes

Storm Protection Details

None
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Porch
Yes

Porch Details

Porch - Open
Yes
Porch - Wrap Around
Yes

Contingencies

Financing
Yes

Unit 1 Appliances

Dishwasher
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes

Unit 1 Parking Features

Open Parking
Yes

Unit 1 Rooms

Kitchen
Yes

Unit 2 Appliances

Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes

Unit 2 Parking Features

Open Parking
Yes

Unit 2 Patio/Porch

Screened Porch
Yes

Unit 2 Rooms

Kitchen
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Compass Florida, LLC
IDX
Last Updated: May - 23 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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