433 Se Lake St
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433 Se Lake St
4 Unit Apartment Building $950,000 ($237,500/Unit) 8% Cap Rate Stuart, FL 34994
Investment Highlights
- Metal Roofs
- Downtown Stuart Location
- Concrete Block on 2023 Building
Executive Summary
Prime location n East Stuart, walking distance to downtown. 3 units built in 2023, 4 units built in 1926, added on and improved over the years. All metal roofing systems. the newer building is concrete block with impact glass, all units are efficiency style units built for longevity and simplicity. The other 2 buildings are duplexes with metal roofs, primarily stucco over frame and each are 1/1. This property has incredible potential for additional units. All units have 7 separate electrical meters and one sole water meter.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $950,000 | Apartment Style | Single Family Home |
| Price Per Unit | $237,500 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 2,947 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| No. Units | 4 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 2.38/1,000 SF |
| Property Subtype | Apartment |
| Price | $950,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Conditions | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Lot Size | 0.29 AC |
| Building Size | 2,947 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 2.38/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,100 | 370 - 724 |
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Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 04-38-41-013-009-00170-0 | Total Assessment | $300,450 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
04-38-41-013-009-00170-0
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$300,450 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | BMU |
| BMU |
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433 Se Lake St
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