514 NW Stuart Avenue, Stuart, FL 34994

$799,000
2,760
SqFt
List Price
$799,000
MLS#
RX-10971617
Status
ACTIVE
Sq. Ft
2,760
Lot Size
10,913
Subtype
Triplex
County
Martin
Community
Riverside Park
Subdivision
Riverside Park
Region
8 - Stuart - North of Indian St
Year Built
1981

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 largest unit, a 3-bedroom, 2-bathroom home, is currently utilized as a successful Airbnb rental and comes fully furnished, offering a seamless turnkey investment opportunity. Meanwhile, the other units provide stable rental income with reliable tenants in place. 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 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, new a/c in unit 514, new a/c (split) and remodeled bathroom in the cottage 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!

Additional Information

Heating
Central Individual, Window/Wall
Cooling
Central, Electric, Wall-Win A/C
Roof
Metal
Water
None
Flooring
Ceramic Tile, Laminate
Construction
Block, CBS
Living Area
2,760
Elementary School
Felix A Williams Elementary School
Middle School
Stuart Middle School
High School
Jensen Beach High School
Tax Amount
$9,856

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Calculator source: Real Geeks

Listing courtesy of United Realty Group Inc.. Contact:

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