NOT LISTED FOR SALE

644 SW Cleveland Ave Stuart, FL 34994

Downtown Stuart Neighborhood
2 Beds
1 Bath
7,128 Sq Ft
0.54 Acres

Last Sold February 26, 2021

Last sale price $1,000,000 $140 Per Sq Ft

19 Days on Market

Highlights

  • 23,391 Sq Ft lot
  • Tile Flooring
  • Central Heating and Cooling System
  • Jensen Beach High School Rated A

About This Home

As of February 2021

A rare opportunity to acquire a multifamily asset in the heart of Downtown Stuart. This offering consists of 8 units each with 2 BR and 1 BA. Solid CBS construction on the first floor with stucco over frame on the second floor. Over 7,100 sq ft under air. A great opportunity with 7% cap rate.

Last Agent to Sell the Property

Dave Olsen

Keller Williams Realty Of The Treasure Coast License #3262509 Listed on: 02/06/2021

Keller Williams Realty Of The Treasure Coast

Last Buyer's Agent

Dave Olsen

Keller Williams Realty Of The Treasure Coast License #3262509 Listed on: 02/06/2021

Keller Williams Realty Of The Treasure Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,042

Year Built

  • Built in 1979

Lot Details

  • 0.54 Acre Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 7,128 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 053841001000006300

Community Details

Overview

  • 4 Units
  • Bessey Addition H W Subdivision

Building Details

  • Operating Expense $26,500
  • Net Operating Income $73,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,042

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: US 1 to St. Lucie Crescent to Cleveland
  • Year Built: 1979
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • Living Area: 7128.0

Exterior Features

  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Frame
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 053841001000006300
  • Lot Size Sq Ft: 23391.0
  • Zoning Description: Res
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 73000.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 26500.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 7042.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $1,000,000 +0.5% $140 / Sq Ft
02/06/2021 02/06/21 For Sale $995,000 -- $140 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dave Olsen

    Seller's Agent in 2021

    Dave Olsen

    Keller Williams Realty Of The Treasure Coast

    (772) 634-1248

    7 in this area

    120 Total Sales

    Dave Olsen
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10690468

BeachesMLS
Florida Martin County Stuart 34994 Downtown Stuart

644 SW Cleveland Ave, Stuart, FL

This home is located at 644 SW Cleveland Ave, Stuart, FL 34994 since 06 February 2021. This property was built in 1979. 644 SW Cleveland Ave is a home located in Martin County with nearby schools including J. D. Parker School Of Technology, Stuart Middle School, and Jensen Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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