1215 Hartman Rd - Apartments FOR SALE


Fort Pierce, FL 34947- Outer Fort Pierce
$1,375,000 USD
321-213-2263
1215 Hartman Rd, Fort Pierce, FL for Sale
$1,375,000 USD
Apartments - FOR SALE
1/17
null | 5.61% Cap Rate

1215 Hartman Rd
Fort Pierce, FL 34947
Outer Fort Pierce


HIGHLIGHTS

  • Investment Highlights: Consistently near 100% occupancy for 3+ years Recently painted exterior and upgraded unit (template for renovation) Tenants

OVERVIEW

Investor opportunity in the heart of Fort Pierce! 1215 Hartman is a mid-century modern, 11-unit concrete block apartment community situated on nearly an acre. This historically stable asset includes eight space-efficient 1BRs, a large 1BR with 2BR conversion potential, and two oversized 2BR/1BA units easily reconfigurable as 3BRs—each with its own private courtyard. The entire exterior has just been freshly painted, and a light renovation blueprint—recently completed on Unit 6—is ready to scale. With tenants covering utilities and near 100% occupancy for over three years, new ownership can unlock 8%+ returns through market rent growth and utility chargebacks. Minutes from beaches, parks, and downtown, 1215 Hartman delivers lifestyle appeal and cash-flow strength—ideal for yield-driven and value-add investors alike. Investment Highlights: Consistently near 100% occupancy for 3+ years Recently painted exterior and upgraded unit (template for renovation) Tenants pay utilities; opportunity for RUBS implementation Significant upside via rent growth and unit reconfiguration Prime central Fort Pierce location near I-95, beaches, and downtown Projected 8%+ CAP rate with minimal CAPEX Private courtyards in large units

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

11

PRICE/UNIT

$125,000

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

RM-9

APN/PARCEL ID

24-18-141-0005-0008

ASK ABOUT THIS PROPERTY

Jeff PorterDenovo RealtyMore Info
321-213-2263

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Jeff PorterDenovo RealtyMore Info
321-213-2263

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