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- LoopNet Team
2750 S Us Highway 1
Fort Pierce, FL 34982
The Sands at St. Lucie · Multifamily Property For Sale · 320 Units
Investment Highlights
- Existing Section 42 LIHTC Property With Conversion to Market Rate in Jan 2030
- Visibility and Access on Highly Trafficked US Highway 1 and High Growth Corridor with New Construction in Immediate Submarket
- Excellent Unit Mix with 65% of the Units Comprised of Two-Bedrooms and 35% of the Units Comprised of Three-Bedrooms
- Upside in Revenue Potential Through W/D Rentals, Parking/Covered Parking and/or Storage Options & St. Lucie County Projected 5.1% AMI Rent Growth/2020
- Opportunity to Take Advantage of Aggressive Agency Financing
- Within a Short Commute to Fort Pierce Beaches (6.1 Miles), Publix Supermarket (0.7 Miles), Florida Turnpike (5.5 Miles) and Interstate 95 (4.5 Miles)
PROPERTY FACTS
| No. Units | 320 | Building Size | 296,226 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1998 |
| Building Class | B | Parking Ratio | 1.24/1,000 SF |
| Lot Size | 33.27 AC |
| No. Units | 320 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 33.27 AC |
| Building Size | 296,226 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 1.24/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Picnic Area
- Pool
- Volleyball Court
About 2750 S Us Highway 1 , Fort Pierce, FL 34982
**** UNDER CONTRACT **** The Sands at St. Lucie Apartments is a 320-unit multifamily community located in Fort Pierce, in St. Lucie County. The property is comprised of 21 two-story buildings that were built in 1998. Each building features pitched shingle roofs with frame stucco exterior walls. The community features a unit mix that includes 208 2Bed 2Bath units (857 SF) and 112 3Bed 2Bath units (1,111 SF). The Sands at St. Lucie Apartments is a quiet and serene community surrounded by conservation and pond views. The 21 apartment buildings sit right across the street from the 5-acre Heathcote Botanical Gardens and near several major employers including Quest Diagnostics, Lawnwood Regional Medical Center, St. Lucie County School District, Indian River State College and St. Lucie Medical Center. Residents enjoy several amenities including an on-site fitness center, business center, clubhouse, kids club, volleyball court, a sparkling pool and hookups for washers and dryers in all units. The Sands at St. Lucie Apartments offers an investor the opportunity to acquire a stable, high occupancy asset in one of St. Lucie’s most prime locations near several major employers and Florida’s East coast beaches.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 208 | - | - |
| 3+2 | 112 | - | - |
PROPERTY TAXES
| Parcel Number | 24-22-413-0001-0007 | Improvements Assessment | $20,703,800 |
| Land Assessment | $2,157,300 | Total Assessment | $22,861,100 |
PROPERTY TAXES
zoning
| Zoning Code | MEDIUM DEN |
| MEDIUM DEN |
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