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860 NW River Shores Boulevard, Stuart, FL 34994

$1,750,000

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List Price: $1,750,000
Price Change: ▼ $49,000 1791055448
MLS#: M20056743
Subtype: Multi Family
County: Martin
Year Built: 1977

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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.

954-557-5993

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Additional Information

Construction: Block, Concrete, Stucco
Cooling: Central Air, Ceiling Fan(s), Electric
Flooring: Ceramic Tile, Vinyl
Heating: Central, Electric
Roof: Metal
Security: Closed Circuit Camera(s), Smoke Detector(s)
Taxes: $11,510
Stories: 1
Acres: 0.52