- Multi Family properties for sale in South Florida “Martin county FL Multi Family properties”Great Investment Opportunity!
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Investment properties for sale in south Florida “15 Units”
$ 1,050,000 - sold
2608 SE Normand St Stuart Florida, Stuart
There are 4 buildings with a total of 15 units and each unit is 1175 Sq Ft. Each unit has 2 bedrooms 1 ½ bathrooms and has been updated with tile floors in kitchen, bath and living areas. The bedrooms have newer berber carpet. Normand sits on 2 acres which occupies the corner of Indian, Camino and Normand. There are 4 septic tanks, “1 tank for each building” and has city water. Each unit has its own water meter; therefore, tenants pay for water. Normand has 10 parcel ID numbers and could potentially be developed for highest and best use. All units have newer compressors and air handlers. There is little to no deferred maintenance. The majority of the tenants are long term with good payment history. Investment properties for sale in South Florida.
- Property Size: 2 square feet
Roofing: Cool Deck
Cap Rate: 9.1%
Price Per Square Foot: $60