FOR SALE0.25 ACRES
514 NW Stuart Ave
Stuart, FL 34994
Bahama Terrace
7 Beds
4 Baths
2,760 sqft (on 0.25 acres)
- 7 Beds
- 4 Baths
- 2,760 sqft (on 0.25 acres)
7 Beds
4 Baths
2,760 sqft
(on 0.25 acres)
We estimate this home will sell faster than 94% nearby.
Local Information
© Google
-- mins to
Commute Destination
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 largest unit, a 3-bedroom, 2-bathroom home, is currently utilized as a successful Airbnb rental and comes fully furnished, offering a seamless turnkey investment opportunity. Meanwhile, the other units provide stable rental income with reliable tenants in place. 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 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, new a/c in unit 514, new a/c (split) and remodeled bathroom in the cottage 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. 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!
Home Highlights
Parking
Open Parking
Outdoor
No Info
View
No Info
HOA
No HOA Fee
Price/Sqft
$289
Listed
33 days ago
Home Details for 514 NW Stuart Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 2760 Square Feet |
Appliances & Utilities Utilities: Cable Connected, Electricity ConnectedAppliances: Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Dishwasher, Range - ElectricDishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Central Individual,Window/WallHas CoolingAir Conditioning: Central Air,Electric,Wall/Window Unit(s),A/C UnitHas HeatingHeating Fuel: Central Individual |
Gas & Electric Electric: Electric Meter, Separate Electrical MetersHas Electric on Property |
Windows, Doors, Floors & Walls Window: Blinds, DrapesDoor: French DoorsFlooring: Ceramic Tile, Laminate |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Floors: Ceramic Tile, Laminate |
View No View |
Security Security: Smoke Detector(s), Smoke Detector |
Exterior Features |
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Exterior Home Features Roof: MetalFencing: FencedNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: Open,Open Parking |
Frontage Waterfront: NoneNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 33 |
Property Information |
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Year Built Year Built: 1981 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex |
Building Construction Materials: Block, CBSNot a New ConstructionAttached To Another Structure |
Property Information Condition: ResaleParcel Number: 323741004005003608 |
Price & Status |
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Price List Price: $799,000Price Per Sqft: $289 |
Status Change & Dates Possession Timing: Close Of Escrow, Funding |
Active Status |
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MLS Status: Active |
Media |
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Location |
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Direction & Address City: StuartCommunity: Riverside Park |
School Information Elementary School: Felix A Williams Elementary SchoolJr High / Middle School: Stuart Middle SchoolHigh School: Jensen Beach High School |
Agent Information |
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Listing Agent Listing ID: RX-10971617 |
Building |
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Building Area Building Area: 2760 Square Feet |
Community |
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Community Features: Park |
HOA |
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HOA Fee Includes: NoneAssociation for this Listing: Beaches MLSNo HOA |
Lot Information |
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Lot Area: 0.25 acres |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Transaction Broker Commission: 2.5% |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Cable TV, Electricity, Sewer, Water |
Rental |
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Are Units Furnished: Varies By Unit |
Miscellaneous |
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Mls Number: RX-10971617 |
Additional Information |
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Park |
Last check for updates: about 11 hours ago
Listing courtesy of Candace Ortiz, (561) 685-7368
United Realty Group Inc.
Jason Shipley, (620) 200-9109
United Realty Group Inc.
Originating MLS: Beaches MLS
Source: BeachesMLS, MLS#RX-10971617
Price History for 514 NW Stuart Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/25/2024 | $799,000 | Listed For Sale | BeachesMLS #RX-10971617 |
| 09/12/2022 | $630,000 | Sold | N/A |
| 12/19/2012 | $198,000 | Sold | Martin County REALTORS® of the Treasure Coast (MCRTC) #M364671 |
| 07/05/2002 | $190,000 | Sold | N/A |
| 09/22/1993 | $128,900 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $7,285 |
| Assessment | $476,060 |
Home facts updated by county records
Comparable Sales for 514 NW Stuart Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.39 | Multi-Family Home | $672,288 | 03/22/24 | 4 | 3 | 2,240 | |
4.18 | Multi-Family Home | $699,400 | 04/23/24 | 7 | 4 | 3,090 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Bahama Terrace
- Trulia User
- Resident
- 1y ago
"It’s a quiet friendly neighborhood. There is a lot of shops nearby. Downtown Stuart is minutes away. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Candace Ortiz, United Realty Group Inc.
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
514 NW Stuart Ave, Stuart, FL 34994 is a 7 bedroom, 4 bathroom, 2,760 sqft multi-family built in 1981. 514 NW Stuart Ave is located in Bahama Terrace, Stuart. This property is currently available for sale and was listed by BeachesMLS on Mar 25, 2024. The MLS # for this home is MLS# RX-10971617.