1840 Joyful Circle - Apartments FOR SALE


Fort Pierce, FL 34947
$47,125,000 USD
561-232-7899
1840 Joyful Circle, Fort Pierce, FL for Sale
$47,125,000 USD
Apartments - FOR SALE
1/22
null | 6% Cap Rate

1840 Joyful Circle
Fort Pierce, FL 34947


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.

OVERVIEW

The Grove at Celebration Pointe presents a rare and unique opportunity for investors of all sizes to acquire a customizable portfolio of newly built townhomes in one of Florida’s fastest-growing markets. Offering investors anywhere from 5 to 145 units, this brand-new community is designed to support a thriving build-to-rent model. Each unit is fee-simple and has an individual tax parcel number. All homes are two-story townhouses ranging from 1,963 to 1,970 square feet. All townhomes are three-bedroom, 2.5-bath models with 1.5-car garages. The Seller is offering on-site leasing and management to all buyers, with projected monthly rents of $2,450-$2,550. Units are delivered fully finished, with the completion of the first units scheduled for March 2025. The developer has arranged pre-approved financing for these newly constructed units, with a minimum 15% down payment required. Strategically situated in the heart of Fort Pierce, The Grove at Celebration Pointe benefits from the region’s rapid economic and population growth. The property’s central location offers easy access to major transportation routes, including I-95, Orange Avenue, and Okeechobee Road, making it ideal for attracting renters seeking convenience and accessibility. Fort Pierce has gained national recognition for its vibrant downtown, ranked the No. 1 Best Small Town Main Street in America by USA Today, and its proximity to pristine beaches and coastal attractions ensures consistent demand for quality rental properties. The Grove at Celebration Pointe offers investors an opportunity to capitalize on this turnkey multifamily investment in the booming Treasure Coast region of Fort Pierce. _________ Modern Design and Community Features Each townhome at The Grove offers a spacious and modern three-bedroom, 2.5-bathroom layout with high-quality finishes and energy-efficient features. Highlights include: Oversized garages for additional storage or convenience. Energy-efficient GE® appliances, granite countertops, and stylish wood cabinetry. Full impact windows and doors for durability and safety. Access to Celebration Pointe’s premium amenities, including a pool, fitness center, children’s playground, dog park, picnic pavilion, and walking trails. This thoughtfully designed community is tailored to meet the needs of today’s renters, ensuring strong demand and tenant satisfaction. _________ The Grove offers residents and investors unparalleled convenience, with proximity to: Major transportation hubs and highways, providing easy commutes to surrounding areas. Downtown Fort Pierce, featuring shopping, dining, and entertainment. Beaches and outdoor recreation, attracting tenants seeking the Florida lifestyle. Celebrated local attractions, including the renowned Farmers Market and Friday Fest events. _________ Fort Pierce and the greater Treasure Coast region have become magnets for businesses and residents alike, driven by robust job growth, a favorable cost of living, and an attractive quality of life. The Grove at Celebration Pointe is perfectly positioned to benefit from these trends, offering investors the opportunity to tap into a market with long-term growth potential. _________ Bulk Purchase Discounts Considered. Brokers Protected.

FOR SALE DETAILS

PRICE

$47,125,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

145

PRICE/UNIT

$325,000

CAP RATE

6%

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction Build-to-Rent Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

14.7 AC

LAND SF

640,332 SF

ZONING

R-3

APN/PARCEL ID

24-18-600-0007-0000,24-18-600-0011-0001,24-18-600-0012-0008,24-18-600-0702-0002,24-18-600-0703-0009,24-18-600-0704-0006,24-18-600-0705-0003,24-18-600-0706-0000,24-18-600-0707-0007,24-18-600-0708-0004,24-18-600-0709-0001,24-18-600-0710-0001,24-18-600-0711-0008,24-18-600-0712-0005,24-18-600-0713-0002,24-18-600-0714-0009,24-18-600-0715-0006,24-18-600-0798-0001,24-18-600-0799-0008,24-18-600-0800-0009,24-18-600-0801-0006,24-18-600-0802-0003,24-18-600-0803-0000,24-18-600-0804-0007

ASK ABOUT THIS PROPERTY

Brad KuskinGoCommercial at CompassMore Info
561-232-7899

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Brad KuskinGoCommercial at CompassMore Info
561-232-7899

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