640 SW Bryant Avenue SW, Stuart, FL 34994

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 $1,200 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 apartments have window units. A washer-dryer hookup is available, but is currently not connected. Conveniently located within a 5-minute walk of the St. Lucie River and Downtown Stuart with over 50 world class and locally owned shops, restaurants, boutiques, art galleries, a riverside boardwalk, and more!