640 Southwest Bryant Avenue

Stuart, FL 34994

$925,000
Price
Beds
2,434 Sq. Ft.
$380 / Sq. Ft.
2,434
Sq. Ft.
$380
per Sq. Ft.

Description

Location, location, location! Rare opportunity to acquire a two-story, 6-unit multifamily building in the very desirable Bessey Point neighborhood. 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...Location, location, location! Rare opportunity to acquire a two-story, 6-unit multifamily building in the very desirable Bessey Point neighborhood. 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!
  1. Listed by Reid Armor • NAI Southcoast
    P: 772-631-4248 C: 772-631-4248 reid@naisouthcoast.com

Property Details for 640 Southwest Bryant Avenue

Subdivision Name
Bessey Add
Waterfront
No

Location

Listing Courtesy of NAI Southcoast
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LISTING UPDATED: 04/05/2024 02:41 PM

Property Details for 640 Southwest Bryant Avenue

StatusActive
MLS #M20041463
Days on Market204
Taxes$5,250 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1925
Lot Size0.18 AC / 7,840 SF
CountyMartin County

Location

Listing Courtesy of NAI Southcoast
Add your commute

Building Information for 640 Southwest Bryant Avenue

Stories2Residences2Year Built1925Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$5,486 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$438

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 640 Southwest Bryant Avenue

Summary
Location and General Information
  • Postal City: Stuart
  • County Or Parish: Martin
Parking
  • Covered Spaces: 8
  • Parking Total: 8
Taxes and HOA Information
  • Tax Legal Description: BESSEY ADD'N LOT 121
  • Tax Year: 2022
  • Tax Annual Amount: $5,250.00
Property
Lot Information
  • Building Area Total: 2,434.00
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Units: Acres
  • Parcel Number: 053841001000012106
Property and Assessments
  • Development Name: Bessey Add
  • Construction Materials: Frame
  • Property Condition: Resale
  • Property Type: Commercial Sale
  • Property Sub Type: Multi Family
  • Year Built: 1925
  • Year Built Details: Resale
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fans, Wall Window Units
  • Cooling: Yes
  • Heating: Wall Furnace
  • Heating: Yes
  • Stories: 2
  • Stories Total: 2
Multi Family
Multi Family Information
  • Unit Location: ,
  • Number Of Units Total: 2
Unit 1
  • Unit Type Units Total 1: 2
  • Unit Type Baths Total 1: 1
Unit 2
  • Unit Type 2: Efficiency
  • Unit Type Units Total 2: 4
  • Unit Type Baths Total 2: 1
Rental
Rent Information
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • Lease Considered: No

Property History for 640 Southwest Bryant Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 640 Southwest Bryant Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$5,776 ($481 / month)
Home Facts
Baths6Total Finished SqFt2,434 SqFtAbove Grade Finished SqFt2,434 SqFtStories2Lot Size7,841 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated2010CountyMARTINAPN05-38-41-001-000-01210-6

Schools near 640 Southwest Bryant Avenue

This home is within Martin.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
J. D. Parker School Of Technology
PublicPK to 5

Stuart Middle School
Public6 to 8

Jensen Beach High School
Public9 to 12

Martin County Acceleration Academies
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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640 Southwest Bryant Avenue is a multi-family home for sale in Stuart, FL 34994. This property was listed for sale on October 17, 2023 by NAI Southcoast, it's currently listed at $925,000. It has been on the market for a total of 204 days and was last sold on September 5, 2001. This listing's school district is Martin. Nearby schools include J. D. Parker School Of Technology, Stuart Middle School and Jensen Beach High School. 640 Southwest Bryant Avenue is a 0-bed, 0-bath, 2,434 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Southcoast

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.