Stuart, FL 34994

$1,750,000

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List Price: $1,750,000
MLS#: T20056743
Status: ACTIVE WITH CONTRACT
Type: Commercial

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Property Description

Seven-unit, single-story multifamily in North River Shores on the Stuart / Jensen Beach line. All units 2 bed / 1 bath. In-place gross income approx. $147,000. Operating expenses approx. $35,000. NOI approx. $112,000. Owner pays water. Community laundry. One assigned space per unit plus guest parking. Short walk to Publix, bike ride to downtown Stuart, about 10 minutes to the beach. Easy single-story layout. Major updates: metal roof (2015); patio screen enclosure (2015); hurricane-impact windows and doors (2015); connected to city sewer with septic and drain field removed (2019); kitchen and bathroom renovations (2019); kitchen appliances updated over time; 6 of 7 A/C units replaced since 2023. Financials available to qualified buyers.

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Additional Information

Days on Market: 44
Tax Amount: $11,510
Water Access: Building & Land
Parcel Number: 303741011027000209
Directions: From downtown Stuart, north over the Roosevelt Bridge on US-1. West into North River Shores. 860 NW North River Shores Blvd is in the neighborhood west of US-1, Stuart / Jensen Beach line. GPS: 860 NW N River Shores Blvd, Stuart, FL 34994.
Address: Stuart
Year Built: 1977