860 NW River Shores Boulevard, Stuart, FL 34994 (MLS# M20056743)

860 NW River Shores Boulevard, Stuart, FL 34994

$1,750,000

Property Type: Commercial Sale Square Footage: 6,095 Status: Active

Current Price: $1,750,000 List Date: 8/29/2026 Last Modified: 10/03/2026

Overview

Description

Seven-unit, single-story multifamily in North River Shores on the Stuart / Jensen Beach line. All units 2 bed / 1 bath. In-place gross income approx. $147,000. Operating expenses approx. $35,000. NOI approx. $112,000. Owner pays water. Community laundry. One assigned space per unit plus guest parking. Short walk to Publix, bike ride to downtown Stuart, about 10 minutes to the beach. Easy single-story layout.Major updates: metal roof (2015); patio screen enclosure (2015); hurricane-impact windows and doors (2015); connected to city sewer with septic and drain field removed (2019); kitchen and bathroom renovations (2019); kitchen appliances updated over time; 6 of 7 A/C units replaced since 2023. Financials available to qualified buyers.

Listing Details MLS# M20056743

General Property Information

Property Sub Type: Multi Family
Building Area Main: 6095
Year Built: 1977
Year Built Details: Effective Year Built Desc: Extensively Remodeled, Effective Year Built: 1977
Parking Total: 12
Lot Size Area: 22520.52
Lot Size Acres: 0.52
Stories Total: Yes

Property Features

Building Features: Free Standing; Laundry Facilities Ceiling: Drywall Common Area Maintenance Includes: HVAC Maintenance; Outside Insurance; Trash Collection; Water Flooring: Ceramic Tile; Vinyl Heating: Central; Electric Parking Features: Common Possession: Close Of Escrow Property Condition: Resale; Updated/Remodeled Sale Includes: Building; Land; Leases Sprinkler Description: None Source Of Expenses: Books Tenant Pays: Cable TV; Electricity Construction Materials: Block; Concrete; Stucco Cooling: Ceiling Fan(s); Central Air; Electric Lot Features: Landscaped Roof: Metal Security Features: Closed Circuit Camera(s); Smoke Detector(s) Special Information: Sold As-Is Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 1999000
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Martin
County Parish Name: Martin
Street Number: 860
Street Direction Prefix: NW
Street Name: River Shores
Street Suffix: Boulevard
City Name: Stuart
State Or Province: FL
Postal Code: 34994
Area: 6030 - Jensen Beach/Stuart - North of Roosevelt Br
Geographic Area: MRTC - Martin County
Parcel Number: 303741011027000209
Directions: From downtown Stuart, north over the Roosevelt Bridge on US-1. West into North River Shores. 860 NW North River Shores Blvd is in the neighborhood west of US-1, Stuart / Jensen Beach line. GPS: 860 NW N River Shores Blvd, Stuart, FL 34994.

Financial Information

Tax Annual Amount: 11510
Tax Year: 2025
Tax Legal Description: NORTH RIVER SHORES SEC 6 LOT 2 & W 2' OF LOT 3 BLK 27

Status Change Information

Major Change Timestamp: 2026-10-03T15:15:16Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-03T15:15:16Z
Status Change Date: 2026-09-01

More Information

Building and Property Details

# Of Tenants: 7

Distance To Information

Miles to Beach: 8

Income and Expenses

Gross Income: 147000
Net Operating Income: 112000
Operating Expense: 35000
Utilities Expense: 7862.8

Originating Details

Originating System Key: 691662405
Originating System ID: M00000165

Listing Office: Tucker Realty LLC

Last Updated: October - 03 - 2026

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