514 NW Stuart Ave Stuart, FL 34994
North River Shores NeighborhoodHighlights
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Jensen Beach High School Rated A
- Ceramic Tile Flooring
- Fenced
About This Home
As of February 2025Attention Investors! Welcome to your next investment opportunity nestled in the highly desirable North River Shores Area of Riverside Park! This property offers the perfect blend of home living and rental income potential with three separate units. The rental units are currently occupied on varying lease terms, providing flexibility for new ownership. Each unit boasts its own unique layout. The 3-bedroom unit is currently utilized as a successful VRBO rental (avg $3,000/month) and comes fully furnished w/ a large fenced in yard. Both 2/1's have annual tenants paying $2400/mo and $2100/mo., the detached yellow unit is fully furnished and has a large fenced in yard, offering a seamless turnkey investment opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,745
Year Built
- Built in 1981
Lot Details
- 0.25 Acre Lot
- Fenced
- Corner Lot
Home Design
- Triplex
- Metal Roof
Interior Spaces
- 2,760 Sq Ft Home
- 1-Story Property
- Blinds
Flooring
- Laminate
- Ceramic Tile
Schools
- Felix A. Williams Elementary School
- Stuart Middle School
- Jensen Beach High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 323741004005003608
- Seller Considering Concessions
Community Details
Overview
- 3 Units
- Riverside Park Subdivision
Building Details
- Operating Expense $30,000
- Net Operating Income $60,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | For Rent | $2,800 | 0.0% | -- |
| 02/07/2025 02/07/25 | Sold | $785,000 | -1.8% | $284 / Sq Ft |
| 11/20/2024 11/20/24 | For Sale | $799,000 | 0.0% | $289 / Sq Ft |
| 11/14/2022 11/14/22 | Rented | $2,600 | 0.0% | -- |
| 11/03/2022 11/03/22 | Under Contract | -- | -- | -- |
| 10/26/2022 10/26/22 | Price Changed | $2,600 | -3.7% | $2 / Sq Ft |
| 10/21/2022 10/21/22 | For Rent | $2,700 | 0.0% | -- |
| 12/19/2012 12/19/12 | Sold | $198,000 | -1.0% | $72 / Sq Ft |
| 11/19/2012 11/19/12 | Pending | -- | -- | -- |
| 07/10/2012 07/10/12 | For Sale | $199,900 | -- | $72 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,856 | $580,877 | -- | -- |
| 2023 | $9,856 | $528,070 | $528,070 | $328,570 |
| 2022 | $7,285 | $344,995 | $0 | $0 |
| 2021 | $6,473 | $313,632 | $0 | $0 |
| 2020 | $5,812 | $319,200 | $109,250 | $209,950 |
| 2019 | $5,138 | $259,200 | $90,250 | $168,950 |
| 2018 | $4,909 | $264,600 | $104,500 | $160,100 |
| 2017 | $4,019 | $218,400 | $80,750 | $137,650 |
| 2016 | $3,902 | $201,600 | $76,000 | $125,600 |
| 2015 | $3,267 | $203,700 | $85,500 | $118,200 |
| 2014 | $3,267 | $174,600 | $65,000 | $109,600 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Closed | $450,000 | New Conventional | |
| Previous Owner | $456,000 | New Conventional | |
| Previous Owner | $112,700 | Credit Line Revolving | |
| Previous Owner | $81,200 | Credit Line Revolving | |
| Previous Owner | $217,000 | New Conventional | |
| Previous Owner | $21,380 | Credit Line Revolving | |
| Previous Owner | $194,327 | FHA | |
| Previous Owner | $150,900 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $785,000 | None Listed On Document | |
| Warranty Deed | $785,000 | None Listed On Document | |
| Warranty Deed | $630,000 | -- | |
| Warranty Deed | $198,000 | Attorney | |
| Quit Claim Deed | -- | Attorney | |
| Quit Claim Deed | $138,000 | None Available | |
| Warranty Deed | $190,000 | -- | |
| Interfamily Deed Transfer | $42,000 | -- |
Source: BeachesMLS
MLS Number: R11038909
APN: 32-37-41-004-005-00360-8
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