3817 NW Mediterranean Ln - Apartments FOR SALE


Jensen Beach, FL 34957
$2,530,000 USD
561-831-8202
3817 NW Mediterranean Ln, Jensen Beach, FL for Sale
$2,530,000 USD
Apartments - FOR SALE
1/21
null | 6.23% Cap Rate

3817 NW Mediterranean Ln
Jensen Beach, FL 34957


HIGHLIGHTS

  • Well-maintained multifamily asset with cohesive architectural styling
  • Efficient unit layouts designed for resident comfort
  • Durable interior finishes minimize ongoing renovation needs
  • Abundant natural light enhances each living space
  • Professional landscaping supports strong curb appeal
  • On-site parking accommodates tenants and guests

OVERVIEW

Illustrated Properties Commercial is pleased to present this exceptional opportunity to acquire a fully leased multifamily condominium portfolio consisting of ten individually deeded residential units located throughout the highly desirable Portofino community in Jensen Beach, Florida. Each residence is individually titled and owned, allowing a purchaser the flexibility to retain the portfolio for long-term cash flow or strategically dispose of assets individually over time. All ten residences are currently leased, providing immediate in-place income while maintaining future upside through rental increases as leases expire. The community offers attractive lake, preserve and community views with professionally maintained landscaping and amenities. The diversified unit mix reduces leasing risk while appealing to a broad tenant base.

FOR SALE DETAILS

PRICE

$2,530,000 USD

PRICE/SF

$6 USD /SF

# OF UNITS

10

PRICE/UNIT

$253,000

CAP RATE

6.23%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portofino at Jensen Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Troy MaleykoIllustrated PropertiesMore Info
561-831-8202

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Troy MaleykoIllustrated PropertiesMore Info
561-831-8202

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