1150 Carlton Court, Fort Pierce, FL 34949

At an offering price of $2,350,000, the property is offered at an approximate 6.43% capitalization rate based on stabilized net operating income with annual tenants. Fort Pierce is located within Florida’s Treasure Coast region, an area that continues to benefit from population growth, in-migration, and relative affordability compared to South Florida coastal markets. The region attracts renters seeking coastal access, lifestyle amenities, and housing costs below those found in Palm Beach and Broward counties. The local economy is supported by healthcare, education, public sector employment, logistics, and tourism. Ongoing public and private investment initiatives throughout downtown Fort Pierce and the surrounding waterfront corridor continue to enhance the area’s long-term demand fundamentals. Multifamily demand across the Treasure Coast remains supported by household growth, limited coastal land availability, and a slowdown in new multifamily construction relative to recent delivery cycles.