701 Southeast Tarpon Avenue
701 Southeast Tarpon Avenue
$2,400,000
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Description
This remarkable 31-room building is located in a prime location, next to the Police Station and a newly zoned redevelopment area. 7,048 square feet under air, this building not only offers a fantastic space but also operates a successful business with a gross net operating income of $234,560.00. The current business model focuses on renting rooms to veterans with an honorable discharge, tapping into the shared housing industry. This niche market provides a steady stream of income and an opportunity...This remarkable 31-room building is located in a prime location, next to the Police Station and a newly zoned redevelopment area. 7,048 square feet under air, this building not only offers a fantastic space but also operates a successful business with a gross net operating income of $234,560.00. The current business model focuses on renting rooms to veterans with an honorable discharge, tapping into the shared housing industry. This niche market provides a steady stream of income and an opportunity to serve those who have served our country. Additionally, the property offers the flexibility to transform from a FOR-profit building to a NON-profit establishment, this property can also be utilized as an assisted living facility or possibly a HOTEL. The opportunities are endless! 6% roi
- Listed by Hassan Souwed • Lux Properties
Property Details for 701 Southeast Tarpon Avenue
Subdivision
RUFF'S LITTLE DIXIE
Location
LISTING UPDATED: 05/16/2024 09:43 AM
Property Details for 701 Southeast Tarpon Avenue
Status | Active |
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MLS # | RX-10987250 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial/Industry / MultiFamily (5+ Units) |
Year Built | 1958 |
Lot Size | - |
County | Martin County |
Location
Building Information for 701 Southeast Tarpon Avenue
Stories-Residences-Year Built1958Building Size-Lot Size-
Payment Calculator
$13,626 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 701 Southeast Tarpon Avenue
Property History for 701 Southeast Tarpon Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 701 Southeast Tarpon Avenue
Taxable ValueLand$31,870Additions$313,460Total$345,330
Tax Record2023$6,342 ($528 / month)
Home Facts
Baths8Total Finished SqFt7,048 SqFtAbove Grade Finished SqFt7,048 SqFtStories1Lot Size8,538 SqFtStyleMulti-Family Res (5+ Units)Year Built1958Year Renovated1995CountyMARTINAPN04-38-41-017-008-00220-4
Schools near 701 Southeast Tarpon Avenue
This home is within Martin.
Rating | School | Type | Grades | Distance |
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Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
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J. D. Parker School Of Technology PublicPK to 5 | ||
Stuart Middle School Public6 to 8 | ||
Jensen Beach High School Public9 to 12 | ||
Spectrum Academy Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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