2655 SE Carroll St

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2655 SE Carroll St

Stuart, FL 34997
Asking Price
$1.40M
Asset Type
Multifamily
Class
Class B

What's Special

2655 SE Carroll Street is situated in a established residential and commercial hub in Stuart, Florida. The property is located just east of US Highway 1, providing direct access to the region’s primary north-south transit corridor. The immediate neighborhood features a mix of mid-density housing, professional offices, and retail centers. Essential amenities, including grocery stores, pharmacies, and dining options, are located within a one-mile radius. The site is a short drive from Witham Field airport and the downtown Stuart waterfront district, offering a central location within Martin County. This multifamily asset is well-suited for a value-add investment or long-term rental hold. The location caters to a diverse tenant profile, primarily consisting of local service-sector employees, small business professionals, and individuals seeking proximity to Stuart’s commercial core. Its situation near major employment centers and transit routes supports consistent demand for workforce housing. Given the surrounding zoning and residential density, the property is best utilized as a traditional apartment complex or a multi-unit residential conversion targeting long-term occupants.

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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234

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