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Portofino at Jensen Beach 3817 NW Mediterranean Ln 10 Unit Apartment Building $3,523,202 CAD ($352,320 CAD/Unit) 6.23% Cap Rate Jensen Beach, FL 34957
Investment Highlights
- Well-maintained multifamily asset with cohesive architectural styling
- Durable interior finishes minimize ongoing renovation needs
- Professional landscaping supports strong curb appeal
- Efficient unit layouts designed for resident comfort
- Abundant natural light enhances each living space
- On-site parking accommodates tenants and guests
Executive Summary
Illustrated Properties Commercial is pleased to present this exceptional opportunity to acquire a fully leased multifamily condominium portfolio consisting of ten individually deeded residential units located throughout the highly desirable Portofino community in Jensen Beach, Florida.
Each residence is individually titled and owned, allowing a purchaser the flexibility to retain the portfolio for long-term cash flow or strategically dispose of assets individually over time.
All ten residences are currently leased, providing immediate in-place income while maintaining future upside through rental increases as leases expire.
The community offers attractive lake, preserve and community views with professionally maintained landscaping and amenities.
The diversified unit mix reduces leasing risk while appealing to a broad tenant base.
Each residence is individually titled and owned, allowing a purchaser the flexibility to retain the portfolio for long-term cash flow or strategically dispose of assets individually over time.
All ten residences are currently leased, providing immediate in-place income while maintaining future upside through rental increases as leases expire.
The community offers attractive lake, preserve and community views with professionally maintained landscaping and amenities.
The diversified unit mix reduces leasing risk while appealing to a broad tenant base.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,523,202 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $352,320 CAD | Building Class | A |
| Sale Type | Investment | Building Size | 391,838 SF |
| Cap Rate | 6.23% | Average Occupancy | 88% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2001 |
| Property Subtype | Apartment | ||
| Zoning | Residential | ||
| Price | $3,523,202 CAD |
| Price Per Unit | $352,320 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Building Size | 391,838 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 2001 |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Security System
- Ceiling Fans
- Refrigerator
- Sprinkler System
- Views
- Carpet
- Wi-Fi
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Playground
- Pool
- Property Manager on Site
- Tennis Court
- Waterfront
- Gated
- Racquetball Court
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 136 | - | 795 - 800 |
| 2+2 | 150 | - | 1,065 |
| 3+2 | 98 | - | 1,252 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
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Portofino at Jensen Beach | 3817 NW Mediterranean Ln
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