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1840 Joyful Circle
Fort Pierce, FL 34947 Outer Fort Pierce

$47,125,000 USD

Apartments For Sale  •  285,505 SF

Property Details

  • Property Type Apartments
  • Total Building Size 285,505 SF
  • Lot Size 14.7 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 6.00 %
  • Zoning R-3
0 Transit Score
1 Walk Score

Highlights

Customizable Portfolio Size: Investors can acquire anywhere from 5 to 145 units, tailoring the opportunity to specific investment goals.
Projected Rents Starting at $2,450/Month ($2,550/Month for Premium Units): Competitive rental rates in a growing market deliver strong cash flow.
Low HOA Fees: Affordable homeowner association fees of $140/Month include landscaping, exterior maintenance, irrigation, roof care, and painting, etc.
Onsite Management and Leasing: Professional property management and onsite leasing services, ensuring a seamless experience for owner and tenants.
Builder Warranties: Comprehensive builder warranties provide peace of mind and reduce long-term maintenance costs.
Bulk Discounts Available: All Reasonable Terms Considered. Brokers Protected.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $2,826,649 USD (2025)
Cap Rate: 6.00 %
Total Expenses: $1,266,701 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Clubhouse
  • Dishwasher
  • Disposal
  • Fitness Center
  • Microwave
  • Picnic Area
  • Playground
  • Pool
  • Property Manager on Site
  • Washer/Dryer
  • Pet Play Area
  • Trash Pickup - Curbside
  • Ceiling Fans
  • Double Vanities
  • Eat-in Kitchen
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Storage Space
  • Pond
  • Attic
  • Deck
  • Den
  • Dining Room
  • Double Pane Windows
  • Framed Mirrors
  • Freezer
  • Island Kitchen
  • Linen Closet
  • Pantry
  • Patio
  • Window Coverings
  • Quartz Countertops

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Brad Kuskin 561-232-7899 GoCommercial at Compass
Brad Kuskin 561-232-7899 GoCommercial at Compass