4455 Palmetto DrJensen Beach, FL 34957

Property Details for 4455 Palmetto Dr

Year built

1945

Construction

CONCRETE BLOCKS

Lot size

1.30 AC

Property size (Sq ft)

574 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

15-37-41-004-002-00040-8

APU

153741004002000408

Description

Discover a unique investment opportunity in Jensen Beach, Florida, known as the Sea Turtle capital of the US. This exceptional property encompasses six charming cottages nestled on approximately 1.3 acres of land, conveniently situated south of Skyline Drive and west of Indian River Drive, accessible from Palmetto Drive. The six individual cottages offer a diverse range of layouts and features. Cottage #1 boasts one bedroom, one bathroom, and a den. Cottage #2 includes one bedroom, one bathroom, and a two-car garage. Cottages #3 and #4 each feature one bedroom and one bathroom. Cottage #5 offers two bedrooms, one bathroom, and a screened porch. Finally, Cottage #6 provides three bedrooms, two bathrooms, and a den. It's important to note that Cottage #3 requires some renovation. The sale of the cottages will be conducted as a single transaction. This one-of-a-kind property presents a rare chance to acquire a significant portfolio in a highly desirable location. The total square footage is 3,875, built in 1945. The property is listed at $1,595,888. This is a truly unique investment opportunity in a sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $277,178

  6.5%

  $255,857

  7%

  $237,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,793

  Geo Method

  $226,793

• Alternative Use

  Use

  Valuation

  Residential

  $255,857

  Hospitality

  $234,363

  Educational

  $194,987

  Medical

  $201,693

  Retail

  $303,314

Location Insight

City

Jensen Beach

County

Martin

State

Florida

Latitude

27.2589

Longitude

-80.2325

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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