701 SE Tarpon Avenue Stuart, FL 34994
This remarkable 31-room building is located in a prime location, next to the Police Station and a newly zoned redevelopment area. 7, 048 square feet under air, this building not only offers a fantastic space but also operates a successful business with a gross net operating income of $234, 560.00. The current business model focuses on renting rooms to veterans with an honorable discharge, tapping into the shared housing industry. This niche market provides a steady stream of income and an opportunity to serve those who have served our country. Additionally, the property offers the flexibility to transform from a FOR-profit building to a NON-profit establishment, this property can also be utilized as an assisted living facility or possibly a HOTEL. The opportunities are endless! 6% ROI
- Property TypeMulti-Family
- NeighborhoodRuff'S Little Dixie
- CountyMartin
- Taxes$6,342
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive
- MLS ID NumberR10987250
- Home Size Source N/A
- Year Built1958
- Lot Size0.2 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Number of Stories 22
- Acreage 0.2
- Water Public
- Zoning Shared H
- Security Fire Sprinkler SystemSmoke Detector(s)
- Property Sub Type Multi Family
- Utilities Cable AvailableElectricity AvailableWater Available
Interior Features
- Cooling Central AirWall Window Units
- Heating ElectricWall Furnace
- Flooring Ceramic TileTile
- Interior Air Filtration
Exterior Features
- Roof FlatTar/ GravelTile
Community Features
- MLS Area 8 - Stuart - North of Indian St
- Security Features Fire Sprinkler SystemSmoke Detector(s)