Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present “Emerald V”, a veteran occupied shared rooming house located at 701 SE Tarpon Avenue in Stuart, Florida. The property is comprised of 31 occupied rooms and two shared bathrooms, with approximately 7,048 rentable square feet. Amenities include on-site management, on-site parking, laundry room, and community area with a full-sized kitchen for dining, events, and holidays. Stuart is in Martin County, 10 miles southeast of Port St. Lucie. The property is situated just east of US-1 and south of Southeast Ocean Boulevard. The immediate area consists of single-family homes, and retail properties along A1A and Southeast Federal Highway. Proximity to these major thoroughfares creates ease of access to public transportation for tenants. Martin County Veteran Services is less than two miles from the property, making Emerald V a convenient location for the tenants as well. The property is being offered for sale at $2,195,000 which equates to $70,806 per room and $311 per square foot.