Investment Overview

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. 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.