433 Lake St Stuart, FL 34994

Property Details for 433 Lake St

Lot size

0.29 lot acres

Property size

2,947 SF

Property type

Commercial real estate

APN

043841013009001700

Description

This exceptional 7-unit multifamily property in downtown Stuart, Florida, presents a compelling value-add investment opportunity. The 2,947 square foot building, situated on a 0.29-acre lot (APN: 043841013009001700), boasts 100% occupancy as of December 1, 2023. Comprising three buildings, the property features a mix of seven units: three newly constructed and four renovated units, all benefiting from modern updates. The 1926 structure underwent significant renovations in 1996 and further improvements in 2023, including durable metal roofs. Residents enjoy ample parking (seven spaces total), a concrete driveway, and a serene waterfront location overlooking a peaceful pond on a quiet street. The property is zoned BMU and offers potential for future expansion. The asking price is $950,000. This turnkey investment provides immediate cash flow and significant upside potential in a desirable South Florida location. The property's strong occupancy rate, recent renovations, and prime waterfront location make it an attractive proposition for discerning investors seeking a stable and growing income stream. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving market.