9 Unit Multifamily NOI $79,492, 7.23 CAP, 1.1MM

[Pat C.]

I am pleased to present an exceptional investment opportunity of a fully leased 9 plex located in the sought out area of North River Shores in Stuart. The property consists of four separate buildings totaling 8,903 sf.

The property has been well maintained and with its steady tenancy it brings in a net operating income of $79,492.00

Units vary from 1 bed / 1 bath units up to a 3 bed / 3 bath unit. Located in a quiet neighbor hood and easily accessible from a signalized intersection on US-1.

Located in a very desirable location as it is in close proximity to Downtown Stuart, the Treasure Coast Mall, as well as the recreational parks and beaches.

The City of Stuart sits along Florida’s Treasure Coast as part of the Port St. Lucie MSA. The area features economy driven by the retail service, hospitality, construction and government sectors. Stuart provides quick access to nearby metropolitan centers Fort Pierce and West Palm Beach via US-1.