1665 SE Lennard Rd - Apartments FOR SALE


Port Saint Lucie, FL 34952- Outer Port St Lucie
$1,550,000 USD
954-501-5020
1665 SE Lennard Rd, Port Saint Lucie, FL for Sale
$1,550,000 USD
Apartments - FOR SALE
1/10
null | 5.77% Cap Rate

1665 SE Lennard Rd
Port Saint Lucie, FL 34952
Outer Port St Lucie


HIGHLIGHTS

  • All Units are Large 2 Bedroom / 2 Bathroom Floor Plans
  • Concrete Block Construction, Central Air Conditioning and In-Unit Washer/Dryer Hook-Ups Throughout
  • Separately Metered for Both Water and Electric
  • Well Located in Port St. Lucie, One of Florida's Fastest-Growing Cities

OVERVIEW

Marcus & Millichap, as exclusive listing agents, are pleased to present the 8-unit multifamily property located at 1665 SE Lennard Rd in Port St. Lucie, Florida. This well maintained property, built in 1988, consists of 8 two-bedroom, two-bathroom units totaling 8,212 square feet on a spacious 0.92-acre lot. The sizable units and expansive lot provide a desirable living environment with ample green space and parking, making it an attractive option for tenants seeking comfort and convenience. The property benefits from a prime location in Port St. Lucie, one of Florida’s fastest-growing cities. It is conveniently positioned near key economic drivers, including St. Lucie Medical Center (1.5 miles away) and the Port St. Lucie Civic Center (2 miles away), which hosts community events and activities year-round. Additionally, major retail destinations such as The Landing at Tradition and Treasure Coast Square Mall are within a short drive, offering a variety of shopping, dining, and entertainment options. This investment presents a compelling opportunity in a rapidly expanding market with strong rental demand. With its spacious units, large lot, and strategic location near essential amenities and employment hubs, the property is well-positioned for long-term appreciation and rental growth. Investors can capitalize on Port St. Lucie’s continued population and economic expansion, making this a solid addition to any multifamily portfolio.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

5.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Green Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MF

APN/PARCEL ID

34-20-640-0016-0000

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.