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Azul 201 SW Joan Jefferson Way 49 Unit Apartment Building For Sale Stuart, FL 34994
Investment Highlights
- 2019 concrete block construction
- Comprehensive amenity set, including clubhouse, fitness center, and sparkling swimming pool & spa
- $97,079 average household income in five-mile radius
- Attractive unit mix, with majority two- and three-bedroom units
- 16.73% increase in effective Gross Income achievable by End of Year Two
- Immediate walkability to historic and vibrant downtown Stuart, FL, with a wide variety of shops and restaurants
Executive Summary
49-unit boutique Class ‘A’ multifamily community in Downtown Stuart, Florida, on Florida’s Atlantic Ocean Treasure Coast. Unit interiors feature 10’ ceiling heights, stainless steel appliances, granite countertops with undermount sinks, white cabinets and washer/dryer appliances. One mile to Publix Supermarket; 2.9 miles to Best Buy, Target and The Fresh Market, an upscale grocery store chain offering local produce, prepared eats, wine & more; 3.5 miles to Treasure Coast Square Mall. 15 minutes to Interstate 95, the main north–south interstate highway on the East Coast of the United States. 15 minutes to stunning Stuart Beach and the Atlantic Ocean.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 1.48 AC |
| No. Units | 49 | Building Size | 59,414 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2019 |
| Building Class | B | ||
| Zoning | RPUD | ||
| Sale Type | Investment |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.48 AC |
| Building Size | 59,414 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 2019 |
| Zoning | RPUD |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Built-In Bookshelves
- Dining Room
- Family Room
- Island Kitchen
- Linen Closet
- Smoke Free
- Window Coverings
- Large Bedrooms
Site Amenities
- Controlled Access
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Video Patrol
- Gameroom
- Media Center/Movie Theatre
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 864 |
| 2+1 | 4 | - | 1,088 - 1,099 |
| 2+2 | 34 | - | 1,204 - 1,401 |
| 3+2 | 4 | - | 1,596 |
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 05-38-41-014-004-00060-6 | Improvements Assessment | $7,617,160 (2025) |
| Land Assessment | $1,663,550 (2025) | Total Assessment | $9,280,710 (2025) |
Property Taxes
Parcel Number
05-38-41-014-004-00060-6
Land Assessment
$1,663,550 (2025)
Improvements Assessment
$7,617,160 (2025)
Total Assessment
$9,280,710 (2025)
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Azul | 201 SW Joan Jefferson Way
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