Additional Details

• Features: RARE, PRIME LOCATION for a Multifamily in STUART! This four bedroom, 3 bathroom features 2008 sqft and sits on a corner lot. One unit is a 2/2 and the other unit is a 2/1. Each unit has its own electric meter, a stove, refrigerator, microwave, living area, bedroom and bath. Being offered rent ready! In a two mile radius, there isn't one MULTI FAMILY ACTIVE UNDER $440,000. Don't miss out on this opportunity!
• Important Details: -->Buyer agrees to assume current month-to-month tenants on one side @ $850! -->Estimated rent per unit is $1800-$2000/unit --> Land Use: Multi Family 10 Units Less
• Rehab Description: For a rental, this property is in current rental condition. The roof is older and may need replacing. The ac units have both been replaced within the last 5 years. To maximize rent modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean.
• Estimated Rehab: $35,000- $45,000
• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $450,000-$500,000
• Comparable Rent: $3600/mo
• Construction: Frame/Stucco
• Comp 1: 2923 SE Camino Avenue, Stuart, FL 34997 Duplex (2-2-1 1/2s) 2272 SQFT 1973 Build PENDING @ $459,000 (17 days on the market) (Rented for a total of $3400/mo) (Tenant occupied, being sold as an investment)
• Comp 2: 3438 SE Iris Street, Stuart, FL 34997 Duplex (2-2s) 1792 SQFT 1982 Build SOLD @ $415,000 (Rented for a total of $2830/mo) (Smaller in rental condition. Investor purchase, sold fully rented)
• Comp 3: 3307 SE Iris St, Stuart, FL 34997 Duplex (2-2-1s) 2146 SQFT 1975 Build PENDING @ $450,000 ( 7 Days on the market) (Rented for a total of $3100/mo) (Dated/tenant occupied and being sold as-is)
• Comp 4: 3438 SE Iris Street, Stuart, FL 34997 Duplex (2-2s) 1792 SQFT 1982 Build SOLD @ $415,000 (Rented for a total of $2830/mo) (Smaller in rental condition. Investor purchase, sold fully rented)