1620 SE Apache Avenue
About This Property
Situated just minutes from the Stuart Air Show field and close to vibrant Downtown Stuart, you'll enjoy easy access to charming boutiques, waterfront dining, local restaurants, and year-round community events. The area is known for its coastal charm, and convenience
Whether you're looking to build a primary residence, seasonal getaway, or investment property, this lot offers incredible potential in a sought-after location. Due to condition no interior access. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017