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Louisiana Apartments 3202-3210 Louisiana Ave 34 Unité Immeuble d’appartements 6 924 550 $ CAD (203 663 $ CAD/Unité) 6,75% Taux de capitalisation Fort Pierce, FL 34947
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Upside In Rents Through Professional Property Management
- Assumable Loan Available at a 4.58% Interest With a Remaining Balance of $2,350,000
- On-Site Coin Operated Laundry
- Unique Unit Mix Of All Large 2 and 3 Bed Floor Plans
- Offers Extremely Close Proximity to Interstate-95
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present the Louisiana Apartments, a 34-unit multifamily portfolio located at 3101–3210 Louisiana Avenue in Fort Pierce, Florida. Situated on 1.64 acres in a quiet residential neighborhood, the offering also includes a vacant parcel, providing both stable in-place income and future development potential.
The portfolio is comprised of six concrete block buildings constructed between 1973 and 1977, totaling 36,074 gross square feet. The unit mix consists of eleven (11) two-bedroom/one-bathroom units averaging 875 square feet and twenty-three (23) three-bedroom/one-bathroom units averaging 1,050 square feet. Roofs on the pitched-shingle buildings were most recently replaced in 2017, while two of the flat-roof buildings have older roofs, presenting an opportunity for capital improvements.
Property Details
3210 Louisiana Ave – 8 Units | 9,168 SF | Built 1977
3208 Louisiana Ave – 8 Units | 9,168 SF | Built 1977
3206 Louisiana Ave – 8 Units | 9,168 SF | Built 1975
3204 Louisiana Ave – 4 Units | 3,890 SF | Built 1974
3202 Louisiana Ave – 4 Units | 3,890 SF | Built 1974
3104 Louisiana Ave – 2 Units | 1,840 SF | Built 1973
3101 Louisiana Ave – Vacant Lot (included in sale)
Located minutes from Downtown Fort Pierce, U.S. Highway 1, and I-95, the Louisiana Apartments benefit from strong rental demand driven by a growing workforce, port activity, and ongoing revitalization efforts in the city. The portfolio’s mix of large two- and three-bedroom units makes it well-suited for families, while the inclusion of the vacant lot offers an investor optionality for additional development or amenities.
With limited multifamily supply in the immediate area and continued population growth along Florida’s Treasure Coast, the Louisiana Apartments present an attractive opportunity to acquire scale with value-add upside through interior renovations, roof replacements, and long-term redevelopment potential.
The portfolio is comprised of six concrete block buildings constructed between 1973 and 1977, totaling 36,074 gross square feet. The unit mix consists of eleven (11) two-bedroom/one-bathroom units averaging 875 square feet and twenty-three (23) three-bedroom/one-bathroom units averaging 1,050 square feet. Roofs on the pitched-shingle buildings were most recently replaced in 2017, while two of the flat-roof buildings have older roofs, presenting an opportunity for capital improvements.
Property Details
3210 Louisiana Ave – 8 Units | 9,168 SF | Built 1977
3208 Louisiana Ave – 8 Units | 9,168 SF | Built 1977
3206 Louisiana Ave – 8 Units | 9,168 SF | Built 1975
3204 Louisiana Ave – 4 Units | 3,890 SF | Built 1974
3202 Louisiana Ave – 4 Units | 3,890 SF | Built 1974
3104 Louisiana Ave – 2 Units | 1,840 SF | Built 1973
3101 Louisiana Ave – Vacant Lot (included in sale)
Located minutes from Downtown Fort Pierce, U.S. Highway 1, and I-95, the Louisiana Apartments benefit from strong rental demand driven by a growing workforce, port activity, and ongoing revitalization efforts in the city. The portfolio’s mix of large two- and three-bedroom units makes it well-suited for families, while the inclusion of the vacant lot offers an investor optionality for additional development or amenities.
With limited multifamily supply in the immediate area and continued population growth along Florida’s Treasure Coast, the Louisiana Apartments present an attractive opportunity to acquire scale with value-add upside through interior renovations, roof replacements, and long-term redevelopment potential.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
FAITS SUR LA PROPRIÉTÉ
| Prix | 6 924 550 $ CAD | Style d’appartement | Jardin |
| Prix par unité | 203 663 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 1,64 AC |
| Taux de capitalisation | 6,75% | Taille du bâtiment | 34 000 pi² |
| Condition de vente | Ventes de portefeuille | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 8.02 | Nombre d’étages | 2 |
| Nombre d’unités | 34 | Année de construction | 1977 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,06/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | R-4 - Résidentiel | ||
| Prix | 6 924 550 $ CAD |
| Prix par unité | 203 663 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,75% |
| Condition de vente | Ventes de portefeuille |
| Multiplicateur du loyer brut | 8.02 |
| Nombre d’unités | 34 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 1,64 AC |
| Taille du bâtiment | 34 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1977 |
| Ratio de stationnement | 1,06/1 000 pi² |
| Zonage | R-4 - Résidentiel |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Chauffage
- Planchers de tuiles
- Cuisine
- Réfrigérateur
- Bain/Douche
COMMODITÉS DU SITE
- Installations de lessive
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 34 | - | 830 |
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Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 3 185 071 $ CAD | |
| Évaluation du terrain | 500 856 $ CAD | Évaluation totale | 3 685 927 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
500 856 $ CAD
Évaluation des bâtiments
3 185 071 $ CAD
Évaluation totale
3 685 927 $ CAD
CONTACTS
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Daniel Cunningham -
River Rhoads -
Evan Richardson -
Dillon Majeski -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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Louisiana Apartments | 3202-3210 Louisiana Ave
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