For Sale $925,000
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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Attachments

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

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

Contacts

Reid Armor

NAI Southcoast

(772) 286-6292

Location

Getting Around

Walk Score ®
69/100 Somewhat Walkable
Bike Score ®
66/100 Bikeable

Map
Street

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

Dune Dog Cafe

0.21 miles
Subway

0.27 miles
Max's Bagels

0.29 miles
Lady Ann's Restaurant & Tea Room

0.31 miles
Nancy's Pizza

0.37 miles
Ground Floor Farm

0.41 miles
Broadway Bagels & Deli

0.45 miles
Luna Italian Cuisine

0.45 miles
Duffys Sports Grill

0.47 miles
Burger King

0.48 miles

First Baptist Christian School

0.09 miles
Martin County Private School

0.60 miles
Stuart Middle School

0.77 miles
Martin County School Administration

0.83 miles
Martin County Adult Center

0.87 miles
Spectrum Academy

0.94 miles
Community Christian School

1.38 miles
JD Parker Elementary School

1.48 miles
Bessie Creek Elementary School

1.50 miles
Saint Joseph Catholic School

1.68 miles

Gertrude Walden Day Care Center

0.89 miles

Frequently Asked Questions

What is the lease rate for For Sale: 6 Unit Apartment Building?

Rental asking rate at For Sale: 6 Unit Apartment Building is $462,500.00/YR.

What is the total square footage of For Sale: 6 Unit Apartment Building?

For Sale: 6 Unit Apartment Building totals 2,434 square feet.

When was this property built?

For Sale: 6 Unit Apartment Building was built in 1925.

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