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Apartments and Multi Family properties for sale South Florida “32 Units”

$ 3,500,000 - sold
4690 Summerland Pl Stuart, FL 34997,

Property Description

Summerland Place 32 units consist of 6 concrete block buildings with 3 parcel ID numbers. There is a total of 3.22 Acres and 16,228 SF of rentable SF. Each unit is ground level and is approximately 507 SF. Each unit has a staggered lanai which gives tenants privacy. The rentable square footage doesn’t include the leasing office and the 2 story building on site. On site there is an irrigation system, lift station, dumpster, professional landscaping, fire hydrants, handicap parking, city water, city sewer and enough parking for each tenant to have a car or truck. There is an emergency propane generator which runs the compounds lighting and lift station in the event or a power outage. Call Mel Robinson for more details on the apartments and multi family properties for sale South Florida.

  • 4730 building includes 8 units on the south eastern portion of the compound which is .8 acres. This site houses the dumpster and lift station. Year built 2001
  • 4690 includes 8 units plus the management office on the north eastern portion of the compound and has .8 acres. This section houses the propane generator. Year built 2001
  • 4630/ 4660 includes 16 units plus the two story building on the western portion of the compound and is 1.62 acres. The two story building has electric and plumbing . The building could be used as additional residence with site adjustments. Year built 2006

Property Documents:

Property Details

  • Price: $ 3,500,000
  • Listing Id: LST-1307
  • 4690 Summerland Pl Stuart, FL 34997
  • City:
  • Area:
  • County: Martin
  • State: FL
  • Zip: 34997
  • Country: United States
  • Property Size: 16,228 square feet
  • Property Lot Size: 140,263 square feet
  • Rooms: 96
  • Bedrooms: 32
  • Bathrooms: 32

Lot Size: 3.22 Acre

Roofing: Metal/ Shingle

Cap Rate: 6.3% Pro-Forma 8.2%

Price Per Square Foot: 232

Year Built: 2006

Garages: 2

External Construction: Concrete Block

Property Features

yesback yard
yesfront yard
yesprivate space

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