17345-17355 Bush Rd - Apartments FOR SALE


$3,610,000 USD
314-422-4480
17345-17355 Bush Rd, Jupiter, FL for Sale
$3,610,000 USD
Apartments - FOR SALE
1/19
null | 6.15% Cap Rate


HIGHLIGHTS

  • 12 Spacious Two-Bedroom Units Across 2 CBS Buildings On A One-Acre Site
  • In-Unit Washers & Dryers, Private Patios, And Central A/C Throughout
  • Units Separately Metered For Water
  • Prime Jupiter Location Near I-95, Abacoa, Jupiter Medical Center, And Area Beaches

OVERVIEW

Marcus & Millichap is pleased to present Bush Apartments, a 12-unit multifamily property located at 17345 Bush Road in Jupiter, Florida. Built in 1988, the property totals 11,248 gross square feet and is situated on a 1.00-acre lot. The asset consists of two single-story buildings constructed of concrete block with pitched composite shingle roofs. The property is comprised entirely of twelve two-bedroom/one-bathroom units, offering spacious floorplans that continue to experience strong demand in the Jupiter rental market. Each unit is equipped with central air conditioning, a private patio, and an in-unit washer and dryer, providing a highly desirable amenity package for residents. Additionally, each unit is separately metered for water, helping reduce operating expenses and improve expense recoverability. Bush Apartments is ideally located just minutes from Interstate 95, Florida's Turnpike, and Indiantown Road, providing convenient access to major employment centers throughout northern Palm Beach County. Residents benefit from proximity to Jupiter Medical Center, Abacoa, Alton Town Center, Roger Dean Chevrolet Stadium, and some of South Florida's most desirable beaches, golf courses, and recreational amenities. The surrounding area continues to benefit from strong population growth, high household incomes, and limited multifamily development, supporting long-term rental demand. Bush Apartments presents a rare opportunity to acquire a low-density multifamily community in one of South Florida's most desirable rental markets. The combination of spacious two-bedroom units, durable construction, in-unit amenities, and a prime Jupiter location positions the property for stable cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$3,610,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

12

PRICE/UNIT

$300,833

CAP RATE

6.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bush Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

RH

APN/PARCEL ID

30-42-41-03-04-000-0060

ASK ABOUT THIS PROPERTY

River RhoadsMarcus & MillichapMore Info
314-422-4480

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River RhoadsMarcus & MillichapMore Info
314-422-4480

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