860 NW River Shores Boulevard, Stuart, FL 34994

$1,750,000

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List Price
$1,750,000
Status
ACTIVE UNDER CONTRACT
Days on Market
49
Price Change
▼ $49,000 1791055448
MLS#
M20056743
Subtype
Commercial Sale
Year Built
1977
Acres
0.52
Neighborhood
MRTC - Martin County
MLS Area Major
6030 - Jensen Beach/Stuart - North of Roosevelt Br

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.

Additional Information

Amenities
Laundry Facilities
Taxes
$11,510
Flooring
Ceramic Tile, Vinyl
Heating
Central, Electric
Air Conditioning
Central Air, Ceiling Fan(s), Electric
Exterior Construction
Block, Concrete, Stucco
Stories
1
Roof
Metal
Parking Features
Common

Listing courtesy of Tucker Realty LLC. Contact:

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Agent: Ross Tucker | Email: ross9tucker@gmail.com