640 SW Bryant Avenue SW, Stuart, FL 34994

$950,000

Property Description

Location, location, location! Rare opportunity to acquire a two-story, 6-unit multifamily building in the very desirable Bessey Point neighborhood. The first floor consists of four (4) studio units that are currently rented at $1,000 per month. The second story consists of two (2) 2-bedroom, 1-bathroom units that are currently rented at $1,500 per month. Average rent for a 1-bedroom in Area 8 (Stuart Proper) is $1,630 while average rent for a 2-bedroom is $1,938, leaving significant upside for an investor to realize. Both water and electric are on a master meter with all utilities paid by landlord. The upstairs units each have a split AC system while the downstairs units have window units. A washer drier hook up is available but is currently not connected. Conveniently located within a 5-minute walk of the St. Lucie River and Downtown Stuart. Quick access to US 1 and major highways allows for easy travel up and down the Treasure Coast.

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Listing courtesy of NAI Southcoast. Contact: 772-286-6292

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