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Bush Apartments 17345-17355 Bush Rd 12 Unit Apartment Building $3,610,000 ($300,833/Unit) 6.15% Cap Rate Jupiter, FL 33458
Investment Highlights
- 12 Spacious Two-Bedroom Units Across 2 CBS Buildings On A One-Acre Site
- Units Separately Metered For Water
- In-Unit Washers & Dryers, Private Patios, And Central A/C Throughout
- Prime Jupiter Location Near I-95, Abacoa, Jupiter Medical Center, And Area Beaches
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,610,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.15% | Building Size | 11,248 SF |
| Gross Rent Multiplier | 10.58 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Zoning | RH | ||
| Price | $3,610,000 |
| Price Per Unit | $300,833 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Gross Rent Multiplier | 10.58 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 11,248 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1988 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | RH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 937 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 30-42-41-03-04-000-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,096,244 |
Property Taxes
Parcel Number
30-42-41-03-04-000-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,096,244
Contacts
-
River Rhoads -
Daniel Cunningham -
Evan Richardson -
Dillon Majeski -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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