4220 NE Indian River Dr - Apartments FOR SALE


Jensen Beach, FL 34957
$2,239,000 USD
703-431-4513
4220 NE Indian River Dr, Jensen Beach, FL for Sale
$2,239,000 USD
Apartments - FOR SALE
1/3
null | 5.07% Cap Rate

4220 NE Indian River Dr
Jensen Beach, FL 34957


HIGHLIGHTS

  • Property has water access and frontage

OVERVIEW

Introducing a prime investment opportunity in the flourishing Treasure Coast area: 4220 NE Indian River Dr. This exceptional multifamily property boasts a 7,330 SF building with 6 units, offering a compelling investment potential. Renovated in 2022, the property stands as a testament to modern sophistication while retaining its timeless charm. With an 83% occupancy rate and zoned R3A, this property presents a stable income stream and future development possibilities. Don't miss the chance to add this meticulously maintained gem to your investment portfolio. Public sewer connection at property line. Visit property website at www.banyanshores.com. Owner/Agent

FOR SALE DETAILS

PRICE

$2,239,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

6

PRICE/UNIT

$373,167

CAP RATE

5.07%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

R-3A

APN/PARCEL ID

15-37-41-004-004-00090-3

ASK ABOUT THIS PROPERTY

Richard VaalerVaaler Commercial Real EstateMore Info
703-431-4513

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

Richard VaalerVaaler Commercial Real EstateMore Info
703-431-4513

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