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27997581
27997582

4220 NE Indian River Dr, Jensen Beach, FL 34957

RV
VA 0225198687, FL BK3255741
Vaaler Commercial Real Estate
Listed by Vaaler Commercial Real Estate
$1,999,000
215 days on market
Updated 7 days ago

Banyan Shores

Details
APN 15-37-41-004-004-00090-3
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,330
Net Rentable (SqFt) 7,330
Units 6
Cap Rate 5.68%
NOI $113,600
Price per SqFt $273
Broker Co-Op Yes
Class B
Year Built 1979
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.790
Parking Spaces 12 per unit
Investment Type Stabilized
Ground Lease No
Ownership Private

Multifamily | 6 Units | $333,167/unit

Marketing description

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

Investment highlights

Townhome Style Apartments

6 units -4/2br & 2/1br

Completely Renovated in 2022

Zoned R3A

Jensen Beach

Impact Windows

Comcast Ready Units

Public Sewer Connection at Property Line

Water Access/Frontage

83% occupancy

Listing Contacts

RV
VA 0225198687, FL BK3255741
Vaaler Commercial Real Estate
Listed by Vaaler Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$113,600.00
$9,466.67/mo

Valuation Metrics

0
DSCR
5.68%
Cap Rate
5.68%
ROI

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