1887 Juno Rd - Apartments FOR SALE


North Palm Beach, FL 33408- Outer Palm Beach Gardens/Jupiter
$1,800,000 USD
314-422-4480
1887 Juno Rd, North Palm Beach, FL for Sale
$1,800,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

1887 Juno Rd
North Palm Beach, FL 33408
Outer Palm Beach Gardens/Jupiter


HIGHLIGHTS

  • Boutique 6-Unit Apartment Building In Highly Desirable North Palm Beach
  • Concrete Block Construction With A Flat Roof, Mansard Façade, And Central A/C's Throughout
  • Private Patios Or Balconies, Coin-Operated Laundry, And Separately Metered Water
  • Minutes From PGA Boulevard, The Gardens Mall, Juno Beach, And Major Employment Centers

OVERVIEW

Marcus & Millichap is pleased to present Juno Villas, a six-unit multifamily property located at 1887 Juno Road in North Palm Beach, Florida. Built in 1973, the property is situated on a 0.32-acre lot and features concrete block construction, a flat roof with mansard façade, and a two-story layout. The property consists entirely of six two-bedroom/one-bathroom units, all equipped with central air conditioning, offering spacious floorplans that continue to experience strong demand in the North Palm Beach rental market. The property has benefited from extensive roof upgrades completed within the past year and features private patios or balconies for every unit, enhancing resident appeal. Additional amenities include coin-operated laundry providing ancillary income, while each unit is separately metered for water, helping reduce operating expenses and improve expense recoverability. Juno Villas is ideally positioned just minutes from U.S. Highway 1, PGA Boulevard, and Interstate 95, providing convenient access to major employment centers throughout Palm Beach County. Residents enjoy close proximity to The Gardens Mall, Downtown at the Gardens, Legacy Place, John D. MacArthur Beach State Park, and the area's renowned beaches. The property is also near major employers including Palm Beach Gardens Medical Center, numerous corporate offices, and the expanding PGA Boulevard business corridor. North Palm Beach remains one of Palm Beach County's most desirable residential communities, benefiting from strong household incomes, limited multifamily inventory, and continued investment throughout the surrounding Palm Beach Gardens and Juno Beach markets. Juno Villas presents an opportunity to acquire a well-maintained boutique multifamily asset in a high-barrier-to-entry coastal submarket, featuring durable construction, recent capital improvements, and a desirable unit mix in one of South Florida's strongest rental markets.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

6

PRICE/UNIT

$300,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Juno Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RH, Palm Beach Cnty

APN/PARCEL ID

00-43-41-33-01-000-0101

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.