3248 SE Golden Gate Ave - Apartments FOR SALE


Stuart, FL 34997
$495,000 USD
772-631-4248
3248 SE Golden Gate Ave, Stuart, FL for Sale
$495,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

3248 SE Golden Gate Ave
Stuart, FL 34997


HIGHLIGHTS

  • Well-maintained duplex investment opportunity in highly desirable Port Salerno / Golden Gate area
  • Significant upside potential through below-market rents
  • Month-to-month leases provide flexibility for investors or owner-occupants
  • Strong rental demand driven by continued migration into Martin County and South Florida
  • Convenient access to boating, waterfront dining, golf courses, and major commuter corridors

OVERVIEW

3248-3258 SE Golden Gate Avenue presents an exceptional opportunity to acquire a well-located duplex in the heart of Stuart’s rapidly evolving Golden Gate neighborhood. The property consists of two spacious 2- bedroom / 2-bathroom units totaling approximately 2,240 square feet situated on a generous 0.202-acre corner parcel. Current ownership has invested substantially into the property, completing numerous capital improvements including a new metal roof and gutters in 2024, A/C systems 2022, a newly poured and widened driveway 2023, appliance replacements, and a new water heater. Additionally, Unit 3258 was completely remodeled in 2021. Existing rents remain below market at $1,550 and $1,600 per month while proforma rent estimates are near $2,100 per month per unit. Both tenants are currently month-to month, creating immediate flexibility for rental repositioning or occupancy adjustments. With strong fundamentals, recent improvements, and a highly desirable coastal Martin County location, this asset is well positioned for both stable income generation and long-term appreciation.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

2

PRICE/UNIT

$247,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Duplex in Golden Gate |

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

37-38-41-007-152-00360-2

ASK ABOUT THIS PROPERTY

Reid ArmorNAI Southcoast CommercialMore Info
772-631-4248

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Reid ArmorNAI Southcoast CommercialMore Info
772-631-4248

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.