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860 NW River Shores Blvd 7 Unit Apartment Building $2,618,607 CAD ($374,087 CAD/Unit) 5.92% Cap Rate Stuart, FL 34994
Investment Highlights
- Seven single-story 2BD/1BA units
- Metal roof and hurricane-impact windows/doors (2018)
- Easy to manage — one-story, assigned parking, community laundry
- In-place NOI approx. $112,000
- 6 of 7 A/C units replaced since 2023
- City sewer (2019) — septic removed
Executive Summary
Do not go on site or contact tenants.
Seven-unit, single-story multifamily in North River Shores (Stuart / Jensen Beach line). All units 2BD/1BA. Family-owned. Title held in A Fresh Start Sober Living LLC.
In-place P&L: ~$147,600 GOI / ~$35,000 expenses / ~$112,000 NOI. Owner pays water. Community laundry. One assigned space per unit plus guest parking.
Updates: metal roof (2018); patio screen enclosure (2018); hurricane-impact windows and doors (2018); city sewer (2019, septic/drain field removed); kitchen and bath renovations (2019); 6 of 7 A/Cs replaced since 2023.
Short walk to Publix, bike to downtown Stuart, about 10 minutes to the beach.
OM, rent roll, and occupancy after CA. Text listing agent for the OM and to schedule after 9/10.
Seven-unit, single-story multifamily in North River Shores (Stuart / Jensen Beach line). All units 2BD/1BA. Family-owned. Title held in A Fresh Start Sober Living LLC.
In-place P&L: ~$147,600 GOI / ~$35,000 expenses / ~$112,000 NOI. Owner pays water. Community laundry. One assigned space per unit plus guest parking.
Updates: metal roof (2018); patio screen enclosure (2018); hurricane-impact windows and doors (2018); city sewer (2019, septic/drain field removed); kitchen and bath renovations (2019); 6 of 7 A/Cs replaced since 2023.
Short walk to Publix, bike to downtown Stuart, about 10 minutes to the beach.
OM, rent roll, and occupancy after CA. Text listing agent for the OM and to schedule after 9/10.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,618,607 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $374,087 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 5.92% | Building Size | 6,095 SF |
| Gross Rent Multiplier | 12.86 | No. Stories | 1 |
| No. Units | 7 | Year Built/Renovated | 1977/2018 |
| Property Type | Multifamily | Parking Ratio | 2.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3A | ||
| Price | $2,618,607 CAD |
| Price Per Unit | $374,087 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| Gross Rent Multiplier | 12.86 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 6,095 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1977/2018 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | R3A |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Ceiling Fans
- Tile Floors
- Kitchen
- Oven
- Lawn
- Porch
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Wheelchair Accessible
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 7 | $2,482 CAD | 900 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 30-37-41-011-027-00020-9 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $989,264 CAD |
Property Taxes
Parcel Number
30-37-41-011-027-00020-9
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$989,264 CAD
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Tucker Realty LLC
860 NW River Shores Blvd
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