514 Northwest Stuart Avenue

Stuart, FL 34994

$799,000
Price
Beds
2,760 Sq. Ft.
$289 / Sq. Ft.
2,760
Sq. Ft.
$289
per Sq. Ft.

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 3-bedroom unit is currently utilized as a successful VRBO rental (avg $3,000/month) and comes fully furnished...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.
  1. Listed by Candace Erin Ortiz • Serhant

Property Details for 514 Northwest Stuart Avenue

Subdivision
RIVERSIDE PARK
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 11/20/2024 09:46 PM

Property Details for 514 Northwest Stuart Avenue

StatusActive
MLS #RX-11038909
Days on Market1
Taxes$10,745 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1981
Lot Size0.25 AC / 10,913 SF
CountyMartin County

Building Information for 514 Northwest Stuart Avenue

Stories1Residences3Year Built1981Building Size-Lot Size0.25 AC / 10,913 SF

Property Information for 514 Northwest Stuart Avenue

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: West on NW Australian; Triplex on left on corner of Stuart Ave
  • Elementary School: Felix A Williams Elementary School
  • Middle School: Stuart Middle School
  • High School: Jensen Beach High School
  • Geo Area: MA08
  • Special Info: Sold As-Is
  • Street Number: 514
  • Subdivision Complex Bldg: RIVERSIDE PARK
  • Municipal Code: Stuart
  • State: FL
  • City Postal ID: 34994
  • MLS Area: 8 - Stuart - North of Indian St
  • MLS Sub Area: MA08
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 8 - Stuart - North of Indian St
  • HOA Amenities: None
  • Lot Description: 1/4 to 1/2 Acre, Corner Lot
  • Parcel ID: 323741004005003608
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 2,760
  • Square Ft Source: Appraisal
  • Zoning: Multifamily
Property and Assessments
  • Legal Desc: RIVERSIDE PARK LOTS 36 37 38 & 39 BLK E
  • Sq Ft Liv Area: 2760.0
  • Legal Description: RIVERSIDE PARK LOTS 36 37 38 & 39 BLK E
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block Construction, Concrete Block With Brick, Cbs Construction
  • Exterior Features: Fence
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: Park
  • Gated Community YN: No
  • Structure Type: Triplex
Interior Features
  • Roof: Metal
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Central, Electric, Wall-Win A/C
  • Flooring: Ceramic Tile, Laminate
  • Heating: Central Individual, Window/Wall
  • Window Treatments: Blinds, Drapes
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $60,000.00
  • Income & Expenses: Annual Total Expense: $30,000.00
  • Income & Expenses: Gross Operating Inc: $90,000.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Disposal, Dryer, Electric Meter, French Doors, Kitchen, Laundry, Microwave, Range - Electric, Refrigerator, Split Bedrooms, Stack Bedrooms, Washer
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 2
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 3,000
  • Unit 1 Info: SqFt: 1201.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, Stack Bedrooms, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Lease Ends: 10-02-2025
  • Unit 2 Info: Monthly Income: $2,400
  • Unit 2 Info: SqFt: 912.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Disposal, Dryer, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, Stack Bedrooms, Washer
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Lease Ends: 10-14-2024
  • Unit 3 Info: Monthly Income: $2,100.00
  • Unit 3 Info: SqFt: 648.0
  • Unit 3 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 514 Northwest Stuart Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 514 Northwest Stuart Avenue

Taxable ValueLand$199,500Additions$328,570Total$528,070
Tax Record2023$9,856 ($821 / month)
Home Facts
Baths3Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtStories1Lot Size10,934 SqFtStyleTriplexYear Built1981Year Renovated1996ZoningCRA1SCountyMARTINAPN32-37-41-004-005-00360-8

Schools near 514 Northwest Stuart Avenue

This home is within Martin.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Felix A Williams Elementary School
PublicPK to 5

Stuart Middle School
Public6 to 8

Jensen Beach High School
Public9 to 12

Martin County Acceleration Academies
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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514 Northwest Stuart Avenue is a multi-family home for sale in Stuart, FL 34994. This property was listed for sale on November 20, 2024 by Serhant, it's currently listed at $799,000. It has been on the market for a total of 83 days and was last sold on September 9, 2022. This listing's school district is Martin. Nearby schools include Felix A Williams Elementary School, Stuart Middle School and Jensen Beach High School. 514 Northwest Stuart Avenue is a 0-bed, 0-bath, 2,760 sqft multi-family home built in 1981.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Serhant

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.