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644 SW Cleveland Avenue, Stuart, FL 34994 (MLS# R10690468)

644 SW Cleveland Avenue, Stuart, FL 34994

$1,000,000
Property Type: Residential Income Square Footage: 8,344 Status: Closed
Current Price: $1,000,000 List Date: 2/06/2021 Last Modified: 5/17/2026

Overview

Description

A rare opportunity to acquire a multifamily asset in the heart of Downtown Stuart. This offering consists of 8 units each with 2 BR and 1 BA. Solid CBS construction on the first floor with stucco over frame on the second floor. Over 7,100 sq ft under air. A great opportunity with 7% cap rate.

Listing Details MLS# R10690468

General Property Information

Number Of Units Total
8
Property Sub Type
Quadruplex
Building Area Main
8344
Building Area Source
Public Records
Living Area Main
7128
Year Built
1979
Gated Community YN
No
Lot Size Area
23391
Lot Size Acres
0.54
Senior Community YN
No
Stories
2
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Accounting Statements; Copy Of Lease(s) Electric: Three Phase Exterior Features: None Flooring: Carpet; Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: CBS; Frame Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Pets Allowed YN: No Possession: Close Of Escrow Roof: Composition Sewer: Public Sewer Storm Protection Details: None Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany; Occupied Occupant Details: Tenant Occupied Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Parking Features: Parking Space Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Parking Features: Parking Space Unit 3 Appliances: Dryer; Range; Refrigerator; Washer Unit 3 Parking Features: Parking Space Unit 4 Appliances: Dryer; Range; Refrigerator; Washer Unit 4 Parking Features: Parking Space Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
995000

Location and Legal

County Or Parish
Martin
County Parish Name
Martin
Street Number
644
Street Direction Prefix
SW
Street Name
Cleveland
Street Suffix
Avenue
City Name
Stuart
State Or Province
FL
Postal Code
34994
Postal Zip
34994
Subdivision Name
BESSEY ADDITION H W
Area
6080 - Stuart - North of Indian St
Geographic Area
MRTC - Martin County
Parcel Number
053841001000006300
Zoning
Res
Directions
US 1 to St. Lucie Crescent to Cleveland

Financial Information

Tax Annual Amount
7042.19
Tax Year
2020
Tax Legal Description
BESSEY ADD'N, LOTS 63 64 & 65 OR 364/1960

Status Change Information

Major Change Timestamp
2021-03-08T19:32:57Z
Major Change Type
Status Change
Status Change Date
2021-03-08
Under Contract Date
2021-02-12
Close Date
2021-02-26
Close Price
1000000
Buyer Financing
Cash

More Information

Meter Information

Separate Electric Meters YN
Yes
Separate Water Meters YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
26500
Gross Income
99500
Net Operating Income
73000

Showing Details

Pet(s) on Premises
No

Unit 1 Details

Actual Rent
1000
Baths Full
Yes
Furnished
Unfurnished
SqFt
900

Unit 2 Details

Actual Rent
1100
Baths Full
Yes
Furnished
Unfurnished
SqFt
900

Unit 3 Details

Actual Rent
1100
Baths Full
Yes
Furnished
Unfurnished
SqFt
900

Unit 4 Details

Actual Rent
1100
Baths Full
Yes
Furnished
Unfurnished
SqFt
900

Price Calculations

Current Price To SqFt
140.29
Original List Price To Close Price
0.99

Originating Details

Originating System Key
20210206145836679877000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Exterior Features

None
Yes

Flooring

Carpet
Yes
Tile
Yes

Property Condition

Resale
Yes

Documents Available

Accounting Statements
Yes
Copy Of Lease(s)
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes
Frame
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes

Showing Requirements

24 Hour Notice
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes

Pets Allowed YN

No
Yes

Storm Protection Details

None
Yes

Tax Information

City/County
Yes

Occupant Details

Tenant Occupied
Yes

Contingencies

None
Yes

Unit 1 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 3 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 3 Parking Features

Parking Space
Yes

Unit 4 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 4 Parking Features

Parking Space
Yes

Acreage Description

1/2 To Less Than 1 Acre Lot
Yes
Listing Office: Keller Williams Realty Of The Treasure Coast
IDX
Last Updated: May - 17 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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