311 N 16TH ST FORT PIERCE FL 34950-6828
Turnkey 6 Unit Multifamily Portfolio | New Construction | 9.35% CAP
Marketing description
Rare opportunity to acquire a new-construction 6-unit duplex portfolio in one of Fort Pierce’s fastest-growing corridors. This turnkey asset delivers immediate cash flow with $191,736 annual gross income and a strong ~9.35% cap rate, backed by reliable, voucher-supported tenants.
Each unit is a 3BR/2BA (1,140 SF)—the most in-demand layout in the workforce housing and Section 8 space—featuring upgrades that outperform older inventory, including dishwashers, covered back porches, and dedicated storage. Built with solid CBS construction and low-maintenance finishes, this portfolio is designed for long-term durability and minimal capex.
The portfolio offers stable, government-backed income, historically low turnover, and direct deposit rent structure—creating a predictable and resilient revenue stream. Investors benefit from immediate stabilization (no lease-up risk) and the ability to scale efficiently with six units in a single acquisition.
Located in a rapidly improving Fort Pierce submarket with strong rental demand and continued development, this asset is well-positioned for both cash flow and long-term appreciation.
Flexible financing options available (DSCR, conventional, FHA, or cash), with professional property management in place for a truly passive investment.
Additional upside through continued rent growth and the option to sell individually for a potential portfolio premium at exit.
Investment highlights
High-Yield New Construction (~9.35% Cap Rate)
Achieve strong in-place returns rarely seen in new construction assets, combining modern product with immediate cash flow.
6-Unit Scalable Portfolio (Single Acquisition)
Acquire six 3BR/2BA units across three duplexes in one transaction—ideal for investors seeking efficient scale without operational complexity.
Voucher-Backed Income Stability
Section 8-compatible units with income-qualified tenants provide consistent, government-supported rent paymentsand reduced collection risk.
Immediate Cash Flow – No Lease-Up Risk
Stabilized or near-stabilized assets with tenants in place eliminate downtime and accelerate return on investment.
Upgraded Product Outperforming Older Inventory
Features including dishwashers, covered back porches, and tenant storage drive stronger tenant demand, retention, and long-term rent growth.
Built for Long-Term Hold (Low Maintenance)
Concrete block construction and durable finishes significantly reduce capex and ongoing maintenance costs.
Strong Tenant Demand (3BR Product)
Larger unit sizes align with the most in-demand segment of the voucher and workforce housing market.
Attractive Financing Flexibility
Eligible for DSCR, conventional, FHA, or cash, allowing multiple exit strategies including resale to owner-occupants.
Portfolio Premium + Exit Optionality
Ability to sell as a 6-unit portfolio or break into individual duplex sales for potential higher total exit value.
Growing Fort Pierce Submarket
Located in a rapidly improving corridor with ongoing development, increasing rental demand, and historically supported ~3%+ annual rent growth.
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