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3248 SE Golden Gate Ave - Value-Add Duplex in Golden Gate | 2 Unit Apartment Building Offered at $495,000 Stuart, FL 34997
Investment Highlights
- Well-maintained duplex investment opportunity in highly desirable Port Salerno / Golden Gate area
- Month-to-month leases provide flexibility for investors or owner-occupants
- Convenient access to boating, waterfront dining, golf courses, and major commuter corridors
- Significant upside potential through below-market rents
- Strong rental demand driven by continued migration into Martin County and South Florida
Executive Summary
3248-3258 SE Golden Gate Avenue presents an exceptional opportunity to acquire a well-located duplex in the heart of Stuart’s rapidly evolving Golden Gate neighborhood. The property consists of two spacious 2- bedroom / 2-bathroom units totaling approximately 2,240 square feet situated on a generous 0.202-acre corner parcel.
Current ownership has invested substantially into the property, completing numerous capital improvements including a new metal roof and gutters in 2024, A/C
systems 2022, a newly poured and widened driveway 2023, appliance replacements, and a new water heater. Additionally, Unit 3258 was completely remodeled in 2021.
Existing rents remain below market at $1,550 and $1,600 per month while proforma rent estimates are near $2,100 per month per unit. Both tenants are currently month-to month, creating immediate flexibility for rental repositioning or occupancy adjustments.
With strong fundamentals, recent improvements, and a highly desirable coastal Martin County location, this asset is well positioned for both stable income generation and
long-term appreciation.
Current ownership has invested substantially into the property, completing numerous capital improvements including a new metal roof and gutters in 2024, A/C
systems 2022, a newly poured and widened driveway 2023, appliance replacements, and a new water heater. Additionally, Unit 3258 was completely remodeled in 2021.
Existing rents remain below market at $1,550 and $1,600 per month while proforma rent estimates are near $2,100 per month per unit. Both tenants are currently month-to month, creating immediate flexibility for rental repositioning or occupancy adjustments.
With strong fundamentals, recent improvements, and a highly desirable coastal Martin County location, this asset is well positioned for both stable income generation and
long-term appreciation.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Moderately bikeable
70/100
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3248 SE Golden Gate Ave - Value-Add Duplex in Golden Gate |
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