Contacts

Reid Armor

NAI Southcoast

(772) 286-6292

Property Details

Property Type Office - General Office
Property Size 2,434 SF
Units 6
Lot Size 0.18 Acre
Building Class C
Year Built 1925
Date Updated Mar 28, 2024

Location, location, location! Rare opportunity to acquire a two-story, 6-unit multifamily building in the very desirable Bessey Point neighborhood. Originally built in 1925 on a .18-acre lot with ample parking and tons of charm. Total finished area of the building is 2,434 SF. The first floor consists of four (4) studio units that are currently rented at $1,200 per month. The second story consists of two (2) 2-bedroom, 1-bathroom units that are currently rented at $1,500 per month. Average rent for a 1-bedroom in Area 8 (Stuart Proper) is $1,630 while average rent for a 2-bedroom is $1,938, leaving significant upside for an investor to realize. Both water and electric are on a master meter with all utilities paid by landlord. The upstairs units each have a split AC system, while the downstairs apartments have window units. A washer-dryer hookup is available, but is currently not connected. Conveniently located within a 5-minute walk of the St. Lucie River and Downtown Stuart with over 50 world class and locally owned shops, restaurants, boutiques, art galleries, a riverside boardwalk, and more! Quick access to US 1 and major highways allows for easy travel up and down the Treasure Coast, ideal for both investors and tenants.

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Highlights

Offered At: $925,000
Address: 640 SW Bryant Ave, Stuart, FL 34994
PID: 5-38-41-001-000-01210-6
Year Built: 1925
Construction: Wood Frame
Finished Area: 2,434 SF
Unit Mix: Two 2-BR/1-BA & 4 Studios
Land Size: .18 Acres

Attachments

640 Bryant Ave Stuart_OM.pdf (PDF) opens in new window

Getting around

69/100
Walk Score ®
66/100
Bike Score ®

Powered by Walk Score ®

City Stuart, FL
Neighborhood Bessey's
Zip Code 34994

Points of Interest

Citgo

0.30 miles
Mobil

0.33 miles
Speedway

1.30 miles
Marathon

1.61 miles
Shell

2.01 miles
Texaco

2.22 miles
Mobile

2.58 miles
Chevron

2.64 miles
Speedway

2.76 miles
Mobil

2.85 miles

Sailfish Parking Lot

0.40 miles
City Hall Lot

0.48 miles
Witham Greenway Trailhead

2.61 miles
Gilbert's Bar Parking

5.70 miles

Royal Palms Motel

0.10 miles
Old Colorado Inn

0.51 miles
Quality Inn Downtown Stuart

0.53 miles
Best Western Downtown Stuart

0.81 miles
Clarion Inn Federal Hwy 1

0.81 miles
Monterey Inn and Marina

1.28 miles
Suburban Extended Stay Hotel Stuart

1.33 miles
Hampton Inn & Suites - Stuart North

1.79 miles
River Palm Cottages & Fish Camp

3.67 miles
Caribbean Shores Waterfront Resort

3.76 miles

Publix

0.21 miles
Winn-Dixie

1.58 miles
Big Lots

1.66 miles
Publix

2.07 miles
Fresh Market

2.20 miles
Publix

2.30 miles
Publix

2.55 miles
Asian Specialty Products

2.79 miles
Publix

2.81 miles
Marshalls

2.93 miles

In-Depth Research Available for this Property

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