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514 NW Stuart Avenue

Stuart, FL 34994
  • $799,000
  • STATUS: Active Under Contract
  • ON SITE: 55 Days
  • MLS #: RX-11038909
Under Contract
UPDATED: 70 min ago
$799,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,760
    SQFT
  • $289
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Information

Description

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. The 3-bedroom unit is currently utilized as a successful VRBO rental (avg $3,000/month) and comes fully furnished w/ a large fenced in yard. Both 2/1's have annual tenants paying $2400/mo and $2100/mo., the detached yellow unit is fully furnished and has a large fenced in yard, offering a seamless turnkey investment opportunity.

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www.billeroproperties.com/homes/158074122
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514 NW Stuart Avenue Stuart, FL 34994

  • Price: $799,000
  • Status: Active Under Contract
  • On Site: 55 Days
  • Updated: 70 min ago
  • MLS #: RX-11038909
0
Beds
0
Baths
0
½ Baths
0.25
Acres
2,760
SQFT
$289
$/SQFT
1981
Built
Neighborhood:
Riverside Park
County:
Martin
Area:
Stuart
Elementary School:
Felix A Williams Elementary School
Middle School:
Stuart Middle School
High School:
Jensen Beach High School
Property Description
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. The 3-bedroom unit is currently utilized as a successful VRBO rental (avg $3,000/month) and comes fully furnished w/ a large fenced in yard. Both 2/1's have annual tenants paying $2400/mo and $2100/mo., the detached yellow unit is fully furnished and has a large fenced in yard, offering a seamless turnkey investment opportunity.
Exterior Features

Carport Spaces 0.00 Construction BlockCBS Exterior Features Fence Lot Description 1/4 to 1/2 AcreCorner Lot Private Pool YN No Roof Metal Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralElectricWall-Win A/C Flooring Ceramic TileLaminate Heating Central IndividualWindow/Wall Unit1 Bedrooms 3 Unit1 Desc A/C UnitDisposalDryerElectric MeterFrench DoorsKitchenLaundryMicrowaveRange - ElectricRefrigeratorSplit BedroomsStack BedroomsWasher Unit1 Full Baths 2 Unit1 Furnished Yes Unit1 Sq Ft 1201 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherDisposalDryerElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorStack BedroomsWasher Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 912 Unit3 Bedrooms 2 Unit3 Desc A/C UnitDisposalDryerElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorStack BedroomsWasher Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 648 Window Treatments BlindsDrapes

Property Features

Annual Net Operating Income 60000.00 Annual Total Expenses 30000.00 Auction No Available Info Deposit Last MonthDeposit SecurityInventoryLeases Built Desc Resale Contingent Active Under Contract Contingents AppraisalFinancingInspection Gated Community No Gross Operating Income 90000.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Triplex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses LimitedOwner Special Info Sold As-Is Sq Ft Total 2760.00 Subdivision Amenities Park Tax Amount 10744.80 Tax Year 2024 Taxes City/CountyNo Homestead Tenant Pays None Terms Considered CashConventional Unit1 Monthly Income 3000.00 Unit2 Lease Ends 2025-10-02 Unit2 Monthly Income 2400.00 Unit3 Lease Ends 2024-10-14 Unit3 Monthly Income 2100.00 Utilities CableElectricPublic SewerPublic Water Zoning Multifamily

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300 Sebastian Blvd.
Sebastian FL, 32958