- MLS® #: RX-11038909
- 514 Nw Stuart Av
- Stuart, FL 34994
- $799,000
- 7 Beds, 4 Bath, 2,760 SqFt
- Multi-Unit
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.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 CRA has recently approved a 2.1 million dollar improvement project for Riverside park which will include adding sidewalks, on street parking, crosswalks, streetlights and landscaping. 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, newer a/c (split) and remodeled bathroom in the cottage and 3 bed unit, pink cottage replumbed 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. There is plenty of off-street parking for all 3 units. 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!
View Virtual TourEssential Information
- MLS® #RX-11038909
- Price$799,000
- Bedrooms7
- Bathrooms4.00
- Full Baths4
- Square Footage2,760
- Year Built1981
- TypeMulti-Unit
- Sub-TypeTriplex
- StyleNo
- StatusNew
Community Information
- Address514 Nw Stuart Av
- SubdivisionRIVERSIDE PARK
- CityStuart
- CountyMartin
- StateFL
- Zip Code34994
Area
8 - Stuart - North of Indian St
Amenities
- WaterfrontNone
Utilities
3-Phase Electric, Cable, Public Sewer, Public Water
Interior
- # of Stories1
Heating
Central Individual, Window/Wall
Cooling
Wall-Win A/C, Electric, Central
Exterior
- Exterior FeaturesFence
- Lot Description1/4 to 1/2 Acre, Corner Lot
- WindowsBlinds, Drapes
- RoofMetal
- ConstructionBlock, CBS
School Information
- MiddleStuart Middle School
- HighJensen Beach High School
Elementary
Felix A Williams Elementary School
Additional Information
- Date ListedNovember 20th, 2024
- Days on Website10
- ZoningMultifamily
- Office: Serhant
Property Location
514 Nw Stuart Av on www.jupiterabacoahomes.us
Offered at the current list price of $799,000, this home for sale at 514 Nw Stuart Av features 7 bedrooms and 4 bathrooms. This real estate listing is located in RIVERSIDE PARK of Stuart, FL 34994 and is approximately 2,760 square feet. 514 Nw Stuart Av is listed under the MLS ID of RX-11038909 and has been available through www.jupiterabacoahomes.us for the Stuart real estate market for 10 days.Facts About Stuart, FL
Struart Florida is nicknamed the "The Sailfish Capital of the World"
B&A Flea Market is a fantastic eclectic street bizarre that has been in existence in Stuart Beach for over two decades. If you are looking for a fun day of shopping and sun make sure to visit this Stuart Beach staple.
Some great local Stuart landmarks incluse the Lyric Theatre, the House of Refuge and the Elliot Museum
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2024 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2024 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on November 30th, 2024 at 4:15am CST.