701 Southeast Tarpon Avenue

Stuart, FL 34994

$2,290,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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 (10x12), 2 rooms (8x10), 1 room (12x12). Extras: 1 office (10x10), 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%
  1. Listed by Hassan Souwed • Lux Properties

Property Details for 701 Southeast Tarpon Avenue

Subdivision
RUFF'S LITTLE DIXIE
Waterfront
No

Location

Listing Courtesy of Lux Properties
Add your commute
LISTING UPDATED: 06/19/2024 09:19 PM

Property Details for 701 Southeast Tarpon Avenue

StatusActive
MLS #RX-10987250
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industry / MultiFamily (5+ Units)
Year Built1958
Lot Size-
CountyMartin County

Location

Listing Courtesy of Lux Properties
Add your commute

Building Information for 701 Southeast Tarpon Avenue

Stories-Residences-Year Built1958Building Size-Lot Size-

Payment Calculator

$13,025 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,497

Property Taxes

$528

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 Southeast Tarpon Avenue

Summary
Location and General Information
  • Directions: near Stuart Police station and future redevelopment fire station
  • Geo Area: MA08
  • Street Number: 701
  • Subdivision Complex Bldg: RUFF'S LITTLE DIXIE
  • Municipal Code: Stuart
  • State: FL
  • City Postal ID: 34994
  • MLS Area: 8 - Stuart - North of Indian St
  • MLS Sub Area: MA08
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • Tax Year: 2023
Property
Lot Information
  • Area: 8 - Stuart - North of Indian St
  • Parcel ID: 043841017008002204
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Owner
  • Zoning: Shared Housing
Property and Assessments
  • Acres: 0.2
  • For Sale: Yes
  • Legal Desc: RUFF'S LITTLE DIXIE 2ND ADD'N N 60 OF FOLLOWING: COM AT NE COR LOT 1 BLK 8 N ALG E/LN SW 1/4 OF SE 1/4 OF SEC 4 T38S R4
  • Legal Description: RUFF'S LITTLE DIXIE 2ND ADD'N N 60 OF FOLLOWING: COM AT NE COR LOT 1 BLK 8 N ALG E/LN SW 1/4 OF SE 1/4 OF SEC 4 T38S R4
Utilities
  • Utilities: Cable, Electric, Public Water
Interior and Exterior Features
Interior Features
  • Roof: Flat Tile, Tar/Gravel
  • Cooling: Air Purifier, Central, Wall-Win A/C
  • Flooring: Ceramic Tile, Tile
  • Heating: Electric, Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: None

Property History for 701 Southeast Tarpon 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 701 Southeast Tarpon Avenue

Taxable ValueLand$31,870Additions$313,460Total$345,330
Tax Record2023$6,342 ($528 / month)
Home Facts
Baths8Total Finished SqFt7,048 SqFtAbove Grade Finished SqFt7,048 SqFtStories1Lot Size8,538 SqFtStyleMulti-Family Res (5+ Units)Year Built1958Year Renovated1995CountyMARTINAPN04-38-41-017-008-00220-4

Schools near 701 Southeast Tarpon Avenue

This home is within Martin.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 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

Spectrum Academy
Public6 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.

Similar Homes

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701 Southeast Tarpon Avenue is a multi-family home for sale in Stuart, FL 34994. This property was listed for sale on May 14, 2024 by Lux Properties, it's currently listed at $2,290,000. It has been on the market for a total of 37 days and was last sold on August 18, 2017. This listing's school district is Martin. Nearby schools include J. D. Parker School Of Technology, Stuart Middle School and Jensen Beach High School. 701 Southeast Tarpon Avenue is a 0-bed, 0-bath, multi-family home built in 1958.

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 Lux Properties

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.