INVESTORS SPECIAL! Cash-flowing CBS duplex generating $2,850 in gross monthly income ($1,500 for Unit A & $1,350 for Unit B) with solid market upside for rent increases. Completely turn-key and ready to go with major upgrades already completed. Features multi-zone split A/C units across both units, a new water heater, full exterior paint, and updated ceiling fans. Unit A has been fully remodeled with a complete kitchen overhaul (new cabinetry and countertops), an updated bathroom, new appliances, and fresh interior paint. Unit B includes partial updates with refreshed kitchen countertops, interior paint, ceiling fans, and updated fixtures. Offering ~1,600 total sq. ft. under AC, this is a great income opportunity—call today for a private tour!
Multi-familyProperty Type
1954Year Built
7,500 sq ftLot Size
$170Price/Sq.Ft.
Listed by Patrick Jones• Approved Realty Solutions, Inc
Pinewood, located between US-1 and Indian River Drive, is a residential and coastal Fort Pierce neighborhood with mid-century ranch homes and breezy riverfront scenery. The neighborhood’s character concentrates around the US-1 and Virginia Avenue corridor, where local storefronts, marinas, and casual eateries set a working-waterfront tone. Streets read as low-rise and leafy, with driveways, mature trees, and a laid-back pace. Weekends often orbit the waterfront parks and boat ramps along the Indian River Lagoon. Downtown’s cultural calendar sits close by, adding galleries and live performance to the routine. The geography keeps daily life oriented to bridges, inlets, and the river’s changing light.
Provided by Walk Score and Local Logic
Offer insights
1025 Chipola Rd · $299,900
$300K and above
75% chance or better to win
Why $300K+ is a strong offer
DAYS ON MARKET
16 days
The average home goes pending in 105 days.
SALE-TO-LIST
92.8%
Most homes are selling 7% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Ceramic tile flooring
Laminate flooring
Flooring
Ceramic tile
Laminate
Heating & cooling
Central heating
Central air
Ceiling fans
Exterior features
Not waterfront
Home design
Duplex
One-story building
Resale property
Construction
CBS construction
Tar and gravel roof
Building area about 2,264 total (public records)
Living area about 1,760
Utilities
Public water
Public sewer
Cable available
Electricity available
Separate electric meters for each unit (2)
Separate water meters for each unit (2)
Financial info
Two-unit property
Tenants pay cable TV, electricity, sewer and water
Pets allowed with no restrictions
Electricity and solar
View estimated energy costs and solar savings for this home
The medium density residential district is designed to accommodate a variety of housing types, including conventional single-family dwellings, duplexes and, where desirable, townhome dwellings, mobile homes or multifamily housing with 3 or more dwelling units. Maximum gross densities should generally not exceed 10 units per acre for conventional developments and 12 units per acre for innovative residential developments. This intensity of residential use is envisioned for locations which have public water and sewer service and which have adequate access to arterial or collector streets.
Permitted uses
Include but are not limited to:
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Park & open space
Feb 8, 2009 • Final
Reroof
Roofing
Jul 20, 1996 • Final
Electric miscellaneous
Work on service.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Fort Pierce, FL • 34950
Average low and high temperatures (°F)
71
54
75
58
79
63
81
69
86
74
88
76
89
76
90
77
88
77
82
74
79
64
76
61
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1025 Chipola Rd
$294,393
$5,507 under list price of $300K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $180K to $300K.