$1,750,000
Stuart, FL 34994
MLS# M20056743
Status: Active Under Contract
6095 sqft
1 / 17
Property Description
Seven-unit, single-story multifamily in North River Shores on the Stuart / Jensen Beach line. All units 2 bed / 1 bath. In-place gross income approx. $147,000. Operating expenses approx. $35,000. NOI approx. $112,000. Owner pays water. Community laundry. One assigned space per unit plus guest parking. Short walk to Publix, bike ride to downtown Stuart, about 10 minutes to the beach. Easy single-story layout.Major updates: metal roof (2015); patio screen enclosure (2015); hurricane-impact windows and doors (2015); connected to city sewer with septic and drain field removed (2019); kitchen and bathroom renovations (2019); kitchen appliances updated over time; 6 of 7 A/C units replaced since 2023. Financials available to qualified buyers.
Details
Maps
Contract Information
Comp Sale YN: No
Seller Represented YN: Yes
Listing Date: 2026-08-29
Status: Active Under Contract
Original List Price: 1999000
List Price: $1,750,000
Current Price: $1,750,000
Location and Legal
County Or Parish: Martin
County Parish Name: Martin
City Name: Stuart
Postal Code: 34994
Geographic Area: MRTC - Martin County
Country: United States
Street Number: 860
Street Direction Prefix: NW
Street Name: River Shores
Street Suffix: Boulevard
State Or Province: FL
Area: 6030 - Jensen Beach/Stuart - North of Roosevelt Br
Parcel Number: 303741011027000209
Directions: From downtown Stuart, north over the Roosevelt Bridge on US-1. West into North River Shores. 860 NW North River Shores Blvd is in the neighborhood west of US-1, Stuart / Jensen Beach line. GPS: 860 NW N River Shores Blvd, Stuart, FL 34994.
General Property Information
Year Built Details: Effective Year Built Desc: Extensively Remodeled, Effective Year Built: 1977
Lot Size Area: 22520.52
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 6095
Year Built: 1977
Parking Total: 12
Lot Size Acres: 0.52
Flooring
Ceramic Tile: 1
Vinyl: 1
Parking Features
Common: 1
Property Condition
Resale: 1
Updated/Remodeled: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Close Of Escrow: 1
Special Information
Sold As-Is: 1
Building and Property Details
# Of Tenants: 7
Building Features
Free Standing: 1
Laundry Facilities: 1
Ceiling
Drywall: 1
Common Area Maintenance Includes
HVAC Maintenance: 1
Outside Insurance: 1
Trash Collection: 1
Water: 1
Distance To Information
Miles to Beach: 8
Heating
Central: 1
Electric: 1
Sale Includes
Building: 1
Land: 1
Leases: 1
Sprinkler Description
None: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Lot Features
Landscaped: 1
Roof
Metal: 1
Security Features
Closed Circuit Camera(s): 1
Smoke Detector(s): 1
Income and Expenses
Gross Income: 147000
Utilities Expense: 7862.8
Net Operating Income: 112000
Operating Expense: 35000
Source Of Expenses
Books: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Showing Requirements
Call Listing Agent: 1
Financial Information
Tax Annual Amount: 11510
Tax Year: 2025
Tax Legal Description: NORTH RIVER SHORES SEC 6 LOT 2 & W 2' OF LOT 3 BLK 27
Status Change Information
Major Change Timestamp: 2026-10-17T16:17:52Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-03T15:15:16Z
Status Change Date: 2026-10-17
Under Contract Type: Active Under Contract
Under Contract Date: 2026-10-12
Originating Details
Originating System Key: 691662405
Originating System ID: M00000165
Property Features
Building Features: Free Standing; Laundry Facilities
Ceiling: Drywall
Common Area Maintenance Includes: HVAC Maintenance; Outside Insurance; Trash Collection; Water
Flooring: Ceramic Tile; Vinyl
Heating: Central; Electric
Parking Features: Common
Possession: Close Of Escrow
Property Condition: Resale; Updated/Remodeled
Sale Includes: Building; Land; Leases
Sprinkler Description: None
Source Of Expenses: Books
Tenant Pays: Cable TV; Electricity
Construction Materials: Block; Concrete; Stucco
Cooling: Ceiling Fan(s); Central Air; Electric
Lot Features: Landscaped
Roof: Metal
Security Features: Closed Circuit Camera(s); Smoke Detector(s)
Special Information: Sold As-Is
Showing Requirements: Call Listing Agent
Listing Office: Tucker Realty LLC
Last Updated: November - 12 - 2026
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