2100 NE Indian River Dr - Hospitality FOR SALE


Jensen Beach, FL 34957
$2,995,000 USD
772-291-8443
2100 NE Indian River Dr, Jensen Beach, FL for Sale
$2,995,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

2100 NE Indian River Dr
Jensen Beach, FL 34957


HIGHLIGHTS

  • Value-Add Rent Growth Opportunity
  • Recent Capital Improvements Completed by Ownership
  • Two-Building, 15-Unit Configuration
  • Coastal Lifestyle Demand Driver
  • Scalable, Manageable Asset Size

OVERVIEW

CMB Commercial Real Estate is pleased to present the exclusive opportunity to acquire the Indian River Drive Apartments, a 15-unit, two-building multifamily investment located at 2100 NE Indian River Drive in Jensen Beach, Florida. Situated along the Indian River Lagoon corridor in the heart of Martin County's Treasure Coast, the site offers waterfront views, a rare combination of coastal lifestyle appeal, walkability to downtown Jensen Beach, and genuine in-place value-add upside for a new owner. The Property consists of two separate buildings totaling 15 residential units — one building comprised of 8 single-bedroom units and a second building comprised of 7 efficiency units. Leases are currently structured as a mix of month-to-month and annual terms, providing an incoming owner with near-term flexibility to reposition the rent roll to market. The Property is currently generating approximately $279,600 in gross annual rental income. The current ownership has already invested meaningfully in the physical asset, having completed a full interior and exterior repaint of both buildings, updated kitchens and bathrooms, installed all-new appliances, and replaced the air conditioning systems throughout. These improvements reduce near-term capital expenditure risk for a buyer while the mixed lease structure and month-to-month tenancies create a path to push rents to dominant Jensen Beach market levels.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$443 USD /SF

# OF ROOMS

15

PRICE/ROOM

$199,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily Investment Opportunity

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

3900

APN/PARCEL ID

26-37-41-000-000-00290-0

ASK ABOUT THIS PROPERTY

Conor MackinCrady Mackin Belland Commercial Real EstateMore Info
772-291-8443

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Conor MackinCrady Mackin Belland Commercial Real EstateMore Info
772-291-8443

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