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4220 NE Indian River Dr 6 Unit Apartment Building $2,239,000 ($373,167/Unit) 5.07% Cap Rate Jensen Beach, FL 34957
INVESTMENT HIGHLIGHTS
- Property has water access and frontage
EXECUTIVE SUMMARY
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
PROPERTY FACTS
| Price | $2,239,000 | Building Class | C |
| Price Per Unit | $373,167 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 7,330 SF |
| Cap Rate | 5.07% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1979/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3A - Multi Family | ||
| Price | $2,239,000 |
| Price Per Unit | $373,167 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 7,330 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2022 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R-3A - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | - |
| 1+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 15-37-41-004-004-00090-3 | Improvements Assessment | $413,620 |
| Land Assessment | $516,180 | Total Assessment | $929,800 |
PROPERTY TAXES
Parcel Number
15-37-41-004-004-00090-3
Land Assessment
$516,180
Improvements Assessment
$413,620
Total Assessment
$929,800
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4220 NE Indian River Dr
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