Log In/Sign Up
Your email has been sent.
Juno Villas 1887 Juno Rd 6 Unit Apartment Building $2,511,180 CAD ($418,530 CAD/Unit) 5% Cap Rate North Palm Beach, FL 33408
Investment Highlights
- Boutique 6-Unit Apartment Building In Highly Desirable North Palm Beach
- Private Patios Or Balconies, Coin-Operated Laundry, And Separately Metered Water
- Concrete Block Construction With A Flat Roof, Mansard Façade, And Central A/C's Throughout
- Minutes From PGA Boulevard, The Gardens Mall, Juno Beach, And Major Employment Centers
Executive Summary
Marcus & Millichap is pleased to present Juno Villas, a six-unit multifamily property located at 1887 Juno Road in North Palm Beach, Florida. Built in 1973, the property is situated on a 0.32-acre lot and features concrete block construction, a flat roof with mansard façade, and a two-story layout. The property consists entirely of six two-bedroom/one-bathroom units, all equipped with central air conditioning, offering spacious floorplans that continue to experience strong demand in the North Palm Beach rental market.
The property has benefited from extensive roof upgrades completed within the past year and features private patios or balconies for every unit, enhancing resident appeal. Additional amenities include coin-operated laundry providing ancillary income, while each unit is separately metered for water, helping reduce operating expenses and improve expense recoverability.
Juno Villas is ideally positioned just minutes from U.S. Highway 1, PGA Boulevard, and Interstate 95, providing convenient access to major employment centers throughout Palm Beach County. Residents enjoy close proximity to The Gardens Mall, Downtown at the Gardens, Legacy Place, John D. MacArthur Beach State Park, and the area's renowned beaches. The property is also near major employers including Palm Beach Gardens Medical Center, numerous corporate offices, and the expanding PGA Boulevard business corridor.
North Palm Beach remains one of Palm Beach County's most desirable residential communities, benefiting from strong household incomes, limited multifamily inventory, and continued investment throughout the surrounding Palm Beach Gardens and Juno Beach markets.
Juno Villas presents an opportunity to acquire a well-maintained boutique multifamily asset in a high-barrier-to-entry coastal submarket, featuring durable construction, recent capital improvements, and a desirable unit mix in one of South Florida's strongest rental markets.
The property has benefited from extensive roof upgrades completed within the past year and features private patios or balconies for every unit, enhancing resident appeal. Additional amenities include coin-operated laundry providing ancillary income, while each unit is separately metered for water, helping reduce operating expenses and improve expense recoverability.
Juno Villas is ideally positioned just minutes from U.S. Highway 1, PGA Boulevard, and Interstate 95, providing convenient access to major employment centers throughout Palm Beach County. Residents enjoy close proximity to The Gardens Mall, Downtown at the Gardens, Legacy Place, John D. MacArthur Beach State Park, and the area's renowned beaches. The property is also near major employers including Palm Beach Gardens Medical Center, numerous corporate offices, and the expanding PGA Boulevard business corridor.
North Palm Beach remains one of Palm Beach County's most desirable residential communities, benefiting from strong household incomes, limited multifamily inventory, and continued investment throughout the surrounding Palm Beach Gardens and Juno Beach markets.
Juno Villas presents an opportunity to acquire a well-maintained boutique multifamily asset in a high-barrier-to-entry coastal submarket, featuring durable construction, recent capital improvements, and a desirable unit mix in one of South Florida's strongest rental markets.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,511,180 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $418,530 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5% | Building Size | 4,800 SF |
| Gross Rent Multiplier | 13.19 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Zoning | RH, Palm Beach Cnty | ||
| Price | $2,511,180 CAD |
| Price Per Unit | $418,530 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | RH, Palm Beach Cnty |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 800 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-43-41-33-01-000-0101 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,491,356 CAD |
Property Taxes
Parcel Number
00-43-41-33-01-000-0101
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,491,356 CAD
Contacts
-
River Rhoads -
Daniel Cunningham -
Evan Richardson -
Dillon Majeski -
Cory Sanchez -
Marcus & Millichap
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Juno Villas | 1887 Juno Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.