Multifamily (5+ units) For Rent
701 SE Tarpon Avenue, Stuart, FL 34994
This remarkable 34-room building, adjacent to the Police Station and a newly zoned redevelopment area, offers 7,048 sq ft under air and operates a successful business with a gross net operating income of $257,040. The property is zoned for many uses such as a motel, hotel, multi-family dwelling, and more. The current model focuses on renting rooms to veterans with honorable discharges, tapping into the shared housing industry. Bathroom Layout: Downstairs: 3 bathrooms (1 ADA), 4 toilets, 3 sinks, 2 common area sinks, 1 mop sink. Rooms: 28 rooms (10×12), 2 rooms (8×10), 1 room (12×12). Extras: 1 office (10×10), 2 showers, 2 washers, 2 dryers, 3 deep freezers, 2 tool rooms (extra $1,260/month rental income). Upstairs: 2 bathrooms, 4 showers, 4 sinks, 4 toilets. The property is currently 100%
| Property Type | Multifamily (5+ units) |
| Status | Active |
| Listing ID | RX-10987250 |
| Year Built | 1958 |
| Lot Area | 0.20 |
- Nadereh Rezaie, PA
- Broker Associate | Realtor© | PSA© | CIPS©
- 561.660.1948
-
Nadereh (Nana) Rezaie, P.A. Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™
Nana Rezaie 561-660-1948
Office: 561-472-1236 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated.
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