Address514 Nw Stuart Av, Stuart, FL, 34994

Price$799,000

  • 7 Beds
  • 4 Baths
  • Multi-unit
  • 2,760 SQ FT
  • Built in 1981

Attention Investors! Welcome to your next investment opportunity nestled in the highly desirable North River Shores Area of Riverside Park! This property offers the perfect blend of home living and rental income potential with three separate units. The rental units are currently occupied on varying lease terms, providing flexibility for new ownership. Each unit boasts its own unique layout. Two of the units (3/2 and 2/1) are currently utilized as successful Airbnb rentals and comes fully furnished and both have separate fenced in yards, offering a seamless turnkey investment opportunity. Meanwhile, the pink cottage provides stable rental income with reliable tenants in place on a month to month lease.Convenience is key in this prime location, situated just behind the Talkhouse and The Deck Restaurant. Residents can easily stroll or bike to popular local spots like Sailors Return and Gilberts Coffee House, as well as numerous marinas. Plus, downtown Stuart is just a stone's throw away. The CRA has recently approved a 2.1 million dollar improvement project for Riverside park which will include adding sidewalks, on street parking, crosswalks, streetlights and landscaping. The property presents multiple opportunities for savvy investors, whether it's maximizing rental income from the existing units or exploring the potential to develop further on the four available lots. With zoning permitting up to a three-story structure reaching a maximum height of 35 feet, the possibilities are endless. Built to last, all units feature sturdy concrete block construction and metal roofs (2004 approx), ensuring durability and low maintenance. Recent property improvements include fresh exterior and interior paint on the entire property, newer a/c (split) and remodeled bathroom in the cottage, pink cottage replumbed and a new fence on the West side of the property. Each unit has its own electric and water meters, as well as interior laundry facilities, enhancing tenant convenience and utility management. Don't miss out on this rare chance to own a prime income-producing property in a sought-after location. Whether you're an investor or looking for a home with supplemental rental income, this property checks all the boxes. Schedule your showing today and seize the opportunity to make this property your own!

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Essential Information

  • MLS® #RX-11000370
  • Price$799,000
  • HOA Fees$0
  • Taxes$9,856 (2023)
  • Bedrooms7
  • Bathrooms4.00
  • Full Baths4
  • Square Footage2,760
  • Acres0.25
  • Price/SqFt$289 USD
  • Year Built1981
  • TypeMulti-Unit
  • Sub-TypeTriplex
  • RestrictionsNone
  • StyleNo
  • StatusNew

Community Information

  • Address514 Nw Stuart Av
  • SubdivisionRIVERSIDE PARK
  • CityStuart
  • CountyMartin
  • StateFL
  • Zip Code34994

Area

8 - Stuart - North of Indian St

Utilities

Cable, Public Sewer, Public Water, 3-Phase Electric

Heating

Central Individual, Window/Wall

Cooling

Central, Wall-Win A/C, Electric

Lot Description

1/4 to 1/2 Acre, Corner Lot

Elementary

Felix A Williams Elementary School

Amenities

  • WaterfrontNone

Interior

  • # of Stories1

Exterior

  • Exterior FeaturesFence
  • WindowsBlinds, Drapes
  • RoofMetal
  • ConstructionCBS, Block

School Information

  • MiddleStuart Middle School
  • HighJensen Beach High School

Additional Information

  • Days on Website5
  • ZoningMultifamily

Listing Details

  • OfficeUnited Realty Group Inc.
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All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2024 BeachesMLS, Inc.

Listing information last updated on July 4th, 2024 at 11:31am EDT.

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