561.676.8886
lindawellman7(at)gmail(dotted)com

Main Content

203 Southland Drive, Fort Pierce, FL 34982 (MLS# R10709888)

203 Southland Drive, Fort Pierce, FL 34982

$520,000
Property Type: Residential Income Square Footage: 4,625 Status: Closed
Current Price: $520,000 List Date: 5/26/2021 Last Modified: 5/17/2026

Overview

Description

INVESTOR ALERT 8.5% CAP RATE for both buildings, potential for 10%. Rare opportunity for 2 quadplex buildings with a total of 8 units (205 Southland Dr) CBS block base w/ frame 2nd story, metal roof, separate electric meters. This listing is for the Four 2 br, 1.5 bath units in 203 Building each with own central AC, range, refrigerator and hurricane shutters for all windows. Great income potential. See listing for 205 Southland for other quadplex building available for total of 8 units, purchase both buildings for $1.05 M

Listing Details MLS# R10709888

General Property Information

Property Sub Type
Quadruplex
Building Area Main
4625
Building Area Source
Public Records
Living Area Main
4050
Year Built
1976
Gated Community YN
No
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories
2
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Electric: Three Phase Flooring: Carpet; Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: Block; CBS; Frame Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Roof: Metal Sewer: Septic Tank Tax Information: No Homestead Utilities: Cable Available; Water Available Water Access: None Water Source: Well Window Features: Blinds Showing Requirements: Appointment Only; Call Listing Agent; Occupied; Text Listing Agent Occupant Details: Tenant Occupied Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking Unit 4 Rooms: Kitchen Contingencies: Appraisal; Backup Contract/Call LA; Financing; Inspection Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
549000

Location and Legal

County Or Parish
St. Lucie
County Parish Name
St Lucie
Street Number
203
Street Name
Southland
Street Suffix
Drive
City Name
Fort Pierce
State Or Province
FL
Postal Code
34982
Postal Zip
34982
Subdivision Name
None
Area
7100
Geographic Area
SL06
Parcel Number
242780101081004
Zoning
res
Directions
US1 to Southland Drive

Financial Information

Tax Annual Amount
4175
Tax Year
2020
Tax Legal Description
DIXIELAND S/D-AN UNRECORDED PLAT- SECTION 27-35-40 BLK 8 E 105FT OF LOTS 8 AND 9 (OR 3469-46)

Status Change Information

Major Change Timestamp
2021-08-04T19:00:25Z
Major Change Type
Status Change
Status Change Date
2021-08-04
Under Contract Date
2021-06-02
Close Date
2021-07-26
Close Price
520000
Buyer Financing
Conventional

More Information

Meter Information

Separate Electric Meters YN
Yes
Separate Water Meters YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
7000
Gross Income
52800
Net Operating Income
45800

Storm Protection

Panel Shutters
Complete

Showing Details

Pet(s) on Premises
No

Unit 1 Details

Actual Rent
1100
Baths Full
Yes
Baths Half
Yes
Furnished
Unfurnished
SqFt
1010

Unit 2 Details

Actual Rent
1100
Baths Full
Yes
Baths Half
Yes
Furnished
Unfurnished
SqFt
1010

Unit 3 Details

Actual Rent
1100
Baths Full
Yes
Baths Half
Yes
Furnished
Unfurnished
SqFt
1010

Unit 4 Details

Actual Rent
1100
Baths Full
Yes
Baths Half
Yes
Furnished
Unfurnished
SqFt
1010

Price Calculations

Current Price To SqFt
128.39
Original List Price To Close Price
1.05

Originating Details

Originating System Key
20210420164438565097000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Tile
Yes

Property Condition

Resale
Yes

Documents Available

Copy Of Lease(s)
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Available
Yes
Water Available
Yes

Heating

Central
Yes

Water Access

None
Yes

Window Features

Blinds
Yes

Construction Materials

Block
Yes
CBS
Yes
Frame
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Road Frontage Type

East of US-1
Yes

Roof

Metal
Yes

Water Source

Well
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Occupied
Yes
Text Listing Agent
Yes

Restrictions

No Restrictions
Yes

Tax Information

No Homestead
Yes

Occupant Details

Tenant Occupied
Yes

Outdoor Living Spaces

Patio
Yes
Porch
Yes

Patio Details

Patio - Open
Yes

Porch Details

Porch - Open
Yes

Contingencies

Appraisal
Yes
Backup Contract/Call LA
Yes
Financing
Yes
Inspection
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Open Parking
Yes

Unit 1 Rooms

Kitchen
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Open Parking
Yes

Unit 2 Rooms

Kitchen
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Open Parking
Yes

Unit 3 Rooms

Kitchen
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Other Equipment

Air Conditioning Unit
Yes

Unit 4 Parking Features

Open Parking
Yes

Unit 4 Rooms

Kitchen
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes
Listing Office: Weichert Realtors Hallmark Pr
IDX
Last Updated: May - 17 - 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.
Search powered by FBS Products
Skip to content