Move in ready, and thoughtfully updated home in Riverland Stuart is
just 7 houses off the Saint Lucie River. The extensive list of
upgrades over a 3 year period includes: all new appliances,
including a Bosch dishwasher, refrigerator, microwave, garbage
disposal, custom cabinets with lights under cabinets new
countertops, stacking full sized washer and dryer, beautiful and
durable luxury flooring, and new carpeting in both bedrooms. The
primary bathroom has also been enhanced with an updated walk-in
shower. So bring your personal belongings and make yourself at
home. Riverland is one of Stuart's best-kept secrets for active 55+
living. Conveniently Situated along approximately a quarter-mile of
scenic river frontage, this desirable waterfront co-op community
offers a wonderful Florida lifestyle with affordable boat slip
rentals subject to availability, a heated swimming pool,
Shuffleboard, fitness center, clubhouse, and an active social
calendar. Enjoy the convenience of being just minutes from
Historic Downtown Stuart, shopping, dining, medical facilities, and
Florida's beautiful beaches. With extensive updates, desirable
community amenities, and a welcoming waterfront setting, this
move-in-ready home offers exceptional value and an opportunity to
begin enjoying Riverland from day one. Schedule your private
showing today and discover why so many residents love calling
Riverland home! The current owner has taken pride in maintaining
the home, with the air conditioning system and roof regularly
serviced and maintained. Receipts and service records are
available, providing added peace of mind for the next owner.
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.
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