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    3796 NW Adriatic Lane

    Jensen Beach, FL 34957
    • $2,995,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: RX-10705423
    UPDATED: 33 min ago
    $2,995,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,065
      SQFT
    • $2,812
      $/SQFT
    Type:
    Multi-Family
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    Description

    16 investment units in Martin County's desirable Portofino neighborhood of Jensen Beach!12 units have 2 Bedrooms and 2 Bathrooms, 4 units have 3 Bedrooms and 2 Bathrooms and 9 come with personal garages!Great way to increase your portfolio with the ability to add value instantly! Current cap rate of 5%, offering huge upside potential as ALL are rented below market value!

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    www.daltonwadesouthflorida.com/homes/115779715
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    3796 NW Adriatic Lane Jensen Beach, FL 34957

    • Price: $2,995,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: RX-10705423
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,065
    SQFT
    $2,812
    $/SQFT
    2001
    Built
    Neighborhood:
    Portofino At Jensen Beach A Condo
    County:
    Martin
    Area:
    Jensen Beach
    Property Description
    16 investment units in Martin County's desirable Portofino neighborhood of Jensen Beach!12 units have 2 Bedrooms and 2 Bathrooms, 4 units have 3 Bedrooms and 2 Bathrooms and 9 come with personal garages!Great way to increase your portfolio with the ability to add value instantly! Current cap rate of 5%, offering huge upside potential as ALL are rented below market value!
    Exterior Features

    Carport Spaces 0.00 Construction Cbs Exterior Features Fruit Tree(S) Lot Description East Of Us-1 Private Pool YN No Roof Concrete Tile Unit1 Parking Garage - DetachedNone Unit2 Parking Garage - Detached Unit3 Parking Garage - Detached Unit4 Parking Garage - Detached Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Central Flooring CarpetCeramic Tile Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc DryerMicrowaveRange - ElectricRefrigeratorW/D HookupWasher Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 1065 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDryerMicrowaveRange - ElectricRefrigeratorW/D HookupWasher Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1065 Unit3 Bedrooms 3 Unit3 Desc A/C UnitDishwasherMicrowaveRefrigeratorW/D HookupWasher Unit3 Full Baths 2 Unit3 Furnished No Unit3 Sq Ft 1260 Unit4 Bedrooms 3 Unit4 Desc A/C UnitDishwasherMicrowaveRange - ElectricRefrigeratorW/D HookupWasher Unit4 Full Baths 2 Unit4 Furnished No Unit4 Sq Ft 1260

    Property Features

    Annual Net Operating Income 147723.53 Annual Total Expenses 85564.97 Application Fee 0.00 Available Info AccountingDepositDeposit Last MonthLeases Built Desc Resale Gross Operating Income 233288.50 Hoa Fee Per Month 338.58 Homeowners Association Mandatory HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions Pet Restrictions Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 1065.00 Subdivision Amenities Bike - JogClubhouseCommunity RoomFitness CenterPool Tax Amount 1933.83 Tax Year 2020 Taxes City/County Tenant Pays CableElectricSewerWater Terms Considered Cash Unit1 Monthly Income 1350.00 Unit2 Monthly Income 1350.00 Unit3 Monthly Income 1450.00 Unit4 Monthly Income 1450.00 Utilities CableElectricPublic SewerPublic Water Zoning Residential

    Listing provided courtesy of Coastal Real Estate Professionals Llc. Listing information © 2021 BeachesMLS
     
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    Dalton Wade
    Station House 260 1st Avenue South, 5th floor
    St. Petersburg FL, 33701