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Revenue-Ready - Fort Pierce Marina Adjacent 1150 Carlton Ct 6 Unit Apartment Building $3,229,065 CAD ($538,177 CAD/Unit) Fort Pierce, FL 34949
Investment Highlights
- Blocks from Causeway Cove Marina & Jetty Park - boating, fishing charters, and waterfront restaurants
- Turnkey renovation with new impact windows, impact metal doors, Dolomite kitchens, and LifeProof floors in every unit
- All six units delivered vacant - lease at today's market rents from day one with no legacy leases or tenant rollover risk
- Six units in a single building: four one-bedroom, one-bathroom apartments and two two-bedroom, one-bathroom apartments
- Large rear patio with a barbecue pit and new brick paver walkways, a shared outdoor space that lifts tenant appeal
- 2 additional investment properties offered nearby
Executive Summary
1150 Carlton Court is a fully renovated six-unit apartment building on South Hutchinson Island in Fort Pierce, offered turnkey with every unit vacant. The next owner inherits no legacy leases, no below-market rents, and no tenant rollover risk, which means from day one, every unit can be leased at current market rents. For an investor, that is as clean a starting point as a value-add property gets.
The building features six units in a mix of four one-bedroom/one-bathroom apartments and two two-bedroom/one-bathroom apartments, with 4,720 cumulative square feet of living area on a lot of about 0.25 acre. Built in 1963 and taken through a comprehensive renovation, this old-Florida building has fresh, modern appeal.
Every unit has new impact windows and new exterior impact metal doors with digital locks. Bathrooms are all new, with walk-in showers, vanities, and toilets. LifeProof laminate flooring runs through all six units, paired with new baseboards, trim, interior doors and hardware, and plantation-style bi-fold closet doors. Kitchens carry new cabinets with Dolomite countertops and a full set of new appliances. All new ductwork, new water heaters, three central air conditioning systems installed in 2025, and three mini-split systems also from 2025. The mechanicals are brand new across the board, which keeps deferred maintenance off the table for years. Outside, new brick paver walkways wrap the building, the landscaping is fresh, and a large rear patio with a barbecue pit gives tenants a shared gathering space that lifts a rental building's appeal.
The property sits on the Fort Pierce barrier island, adjacent to the Fort Pierce Inlet Marina Marina and attractions, driving coastal rental interest. Fort Pierce Inlet State Park and the Jack Island Preserve offer beaches, surfing, fishing, and hiking trails. The National Navy UDT-SEAL Museum sits just up the coast on North Hutchinson Island. Historic Downtown Fort Pierce is alive with dining, shopping.
Fort Pierce and the Treasure Coast are in a real growth cycle, with St. Lucie County now past 400,000 residents, up more than 40 percent since 2010, and steady in-migration expected to keep rental demand climbing. A renovated, fully vacant six-unit building on a barrier island, positioned to lease up at market, is the kind of asset an operator can stabilize quickly and hold for the long run.
The building features six units in a mix of four one-bedroom/one-bathroom apartments and two two-bedroom/one-bathroom apartments, with 4,720 cumulative square feet of living area on a lot of about 0.25 acre. Built in 1963 and taken through a comprehensive renovation, this old-Florida building has fresh, modern appeal.
Every unit has new impact windows and new exterior impact metal doors with digital locks. Bathrooms are all new, with walk-in showers, vanities, and toilets. LifeProof laminate flooring runs through all six units, paired with new baseboards, trim, interior doors and hardware, and plantation-style bi-fold closet doors. Kitchens carry new cabinets with Dolomite countertops and a full set of new appliances. All new ductwork, new water heaters, three central air conditioning systems installed in 2025, and three mini-split systems also from 2025. The mechanicals are brand new across the board, which keeps deferred maintenance off the table for years. Outside, new brick paver walkways wrap the building, the landscaping is fresh, and a large rear patio with a barbecue pit gives tenants a shared gathering space that lifts a rental building's appeal.
The property sits on the Fort Pierce barrier island, adjacent to the Fort Pierce Inlet Marina Marina and attractions, driving coastal rental interest. Fort Pierce Inlet State Park and the Jack Island Preserve offer beaches, surfing, fishing, and hiking trails. The National Navy UDT-SEAL Museum sits just up the coast on North Hutchinson Island. Historic Downtown Fort Pierce is alive with dining, shopping.
Fort Pierce and the Treasure Coast are in a real growth cycle, with St. Lucie County now past 400,000 residents, up more than 40 percent since 2010, and steady in-migration expected to keep rental demand climbing. A renovated, fully vacant six-unit building on a barrier island, positioned to lease up at market, is the kind of asset an operator can stabilize quickly and hold for the long run.
Property Facts
| Price | $3,229,065 CAD | Building Class | C |
| Price Per Unit | $538,177 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 5,272 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 0% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2026 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | HI Medium - HI Medium | ||
| Price | $3,229,065 CAD |
| Price Per Unit | $538,177 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,272 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2026 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | HI Medium - HI Medium |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 5,272 |
| 1+1 | 4 | - | 5,272 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
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Revenue-Ready - Fort Pierce Marina Adjacent | 1150 Carlton Ct
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