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Rental residence walking distance to Martin Memorial Hospital and downtown Stuart, in the path of downtown Stuart re-development. Recent re-zoning allows Commercial or R-3 for apartment or condominium construction. The property is 500' from the arts complex planned by Martin Arts Council for the old school board building. Condos 400' from the property were recently built and sold out in six months at $425-450,000. The property is ideal for re-development, rental or an owner-occupant. The current rent ($2,400/month) from excellent tenants covers an 80% mortgage and expenses. 4 bedroom/3 bath house built in 1950 includes 3 bedrooms/2 baths downstairs and a studio apartment with bath over the 1-car garage. Double Lot. Sewer system already hooked up, with two grinder pumps.

Property Details of 620 Se 5th Street

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Listed by Peter Gemmi and Ronnie Raza of PenderWhite Properties, Inc.

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