Hospitality Investment Opportunity

Highlights:

• Value-Add Rent Growth Opportunity — a blend of month-to-month and annual leases allows an incoming owner to systematically mark units to market over a short hold period.
• Recent Capital Improvements Completed by Ownership — full interior and exterior repaint of both buildings, updated kitchens and bathrooms, all-new appliance packages, and new AC systems reduce near-term deferred maintenance risk.
• Two-Building, 15-Unit Configuration — 8 single-bedroom units plus 7 efficiency units provides a diversified unit mix appealing to a broad tenant base, from single professionals to seasonal residents.
• Premier Jensen Beach Location — situated on NE Indian River Drive within close proximity to boat docks and marinas, waterfront parks, Hutchinson Island beaches, and the walkable shops and restaurants of historic downtown Jensen Beach.
• Everyday Convenience — near-immediate access to everyday retailers including Publix, supporting strong, durable tenant demand.
• Coastal Lifestyle Demand Driver — Martin County's Treasure Coast continues to draw renters priced out of homeownership and seasonal residents seeking water-oriented, low-maintenance living.
• Scalable, Manageable Asset Size — a 15-unit, two-building footprint is well suited to efficient on-site or third-party management.

Description:

CMB Commercial Real Estate is pleased to present the exclusive opportunity to acquire the Indian River Drive Apartments, a 15-unit, two-building hospitality investment located at 2100 NE Indian River Drive in Jensen Beach, Florida. Situated along the Indian River Lagoon corridor in the heart of Martin County's Treasure Coast, the site offers waterfront views, a rare combination of coastal lifestyle appeal, walkability to downtown Jensen Beach, and genuine in-place value-add upside for a new owner.

The Property consists of two separate buildings totaling 15 residential units — one building comprised of 8 single-bedroom units and a second building comprised of 7 efficiency units. Leases are currently structured as a mix of month-to-month and annual terms, providing an incoming owner with near-term flexibility to reposition the rent roll to market. The Property is currently generating approximately $279,600 in gross annual rental income.

The current ownership has already invested meaningfully in the physical asset, having completed a full interior and exterior repaint of both buildings, updated kitchens and bathrooms, installed all-new appliances, and replaced the air conditioning systems throughout. These improvements reduce near-term capital expenditure risk for a buyer while the mixed lease structure and month-to-month tenancies create a path to push rents to dominant Jensen Beach market levels.

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