860 NW River Shores Blvd - Apartments FOR SALE


Stuart, FL 34994- North River Shores
$1,899,000 USD
772-359-4121
860 NW River Shores Blvd, Stuart, FL for Sale
$1,899,000 USD
Apartments - FOR SALE
1/16
null | 5.92% Cap Rate

860 NW River Shores Blvd
Stuart, FL 34994
North River Shores


HIGHLIGHTS

  • Seven single-story 2BD/1BA units
  • In-place NOI approx. $112,000
  • Metal roof and hurricane-impact windows/doors (2018)
  • 6 of 7 A/C units replaced since 2023
  • Easy to manage — one-story, assigned parking, community laundry
  • City sewer (2019) — septic removed

OVERVIEW

Do not go on site or contact tenants. Seven-unit, single-story multifamily in North River Shores (Stuart / Jensen Beach line). All units 2BD/1BA. Family-owned. Title held in A Fresh Start Sober Living LLC. In-place P&L: ~$147,600 GOI / ~$35,000 expenses / ~$112,000 NOI. Owner pays water. Community laundry. One assigned space per unit plus guest parking. Updates: metal roof (2018); patio screen enclosure (2018); hurricane-impact windows and doors (2018); city sewer (2019, septic/drain field removed); kitchen and bath renovations (2019); 6 of 7 A/Cs replaced since 2023. Short walk to Publix, bike to downtown Stuart, about 10 minutes to the beach. OM, rent roll, and occupancy after CA. Text listing agent for the OM and to schedule after 9/10.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,286

CAP RATE

5.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R3A

APN/PARCEL ID

30-37-41-011-027-00020-9

ASK ABOUT THIS PROPERTY

Ross TuckerTucker Realty LLCMore Info
772-359-4121

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Ross TuckerTucker Realty LLCMore Info
772-359-4121

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