32 UNITS BANK OWNED-- 24 UNITS -2 BEDR. 1/1/2 BATH 963 SF LIV.AND 8 UNITS 1 BEDR.1 BATH 855 SF**EACH UNIT HAS OWN TAX ID *Rents inreased $50.effective 2.15.12 BANK OWNED* 32 UNITS *FOUR BUILDINGS 1978 BUILD CBS/FRAME/STUCCO CONST.* EACH 8 UNITS*24 UNITS-2 BEDR.1/1/2 BATH 963 SF-RENTING AT $ 500.-ASSESSED AT $ 22,400 =$ 581.YEARLY TAX AND 8 UNITS 1 BEDR.1 BATH 855 SF LIV.-RENTING AT $ 450.--ASSESSED AT $ 20,100 =$ 525. YEARLY-TOTAL PRESENT TAXES ARE $17,431-VERY LIKELY TO BE REDUCED TO APPROX.13,000.NEXT YEAR*29,952 TOTAL SF LIV=$ 26.54 PER SF*EACH UNIT HAS ITS OWN TAX ID*FORMERLY IXORIA CONDOMINIUM APARTMENT ASSOC.. *THE LAND HAS 658 FT FRONTAGE ON IXORIA AVE AND IS 129.5 FT DEEP*THE PROPERTY ADDRESSES ARE 604-606-608-610 IXORIA AVE.*UNITS ARE MANAGED BY HOYT C MURPHY RENTAL DIV. FOR THE PAST 12 MONTHS*PRESENTLY 4 UNITS ARE VACANT-ONE IS USED FOR STORAGE*THE GENERAL CONDITION OF THE INTERIOR IS FAIR -THEY ALL COULD USE NEW PAINT AND DETAILING AND CABINETS- THE EXTERIOR IS GOOD THERE IS DIFFERED MAINTENANCE ISSUES--DUE TO THE LUCK OF A RESPONSIBLE OWNERSHIP--THE ROOF APPEARS TO BE POST HURRICANE AND IS FLAT ROLLED ROOFING*THE FIXED OPERATING EXPENSES ARE$ 7800. FOR COMMON ELECTRIC AND $3,000 FOR LAWN SERVICE-PLUS THE TAXES*THE CAP % DEPENDS ON THE BUYER--SEIZE THE OPPORTUNITY! ! PLEASE BE SPECIFIC WHEN ASKING FOR ADDITIONAL INFO! THIS CENTRAL LOCATION IS AMAZING, YOU CAN WALK TO US 1 OR HEATH-COTE BOTANICAL GARDEN, THE NEW MALL ACROSS US 1 FORMERLY JEFFERSON PLAZA, SABLE PALM PLAZA & PUPLIX,DOWNTOWN FT PIERCE IS 2.5 MILES NORTH, OR 6 MILES TO THE OCEAN-ALSO CLOSE TO ALL GOV.& HEALTH CARE FACILITIES**DEMOGRAPHICS FOR 5 MILE RADIU