Bought with Nicole Nastasia • RE/MAX of Stuart
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5043 SE Primrose WAY Stuart, FL 34997
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Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,511 sqft
Price per Sqft $207
Subdivision Dixie Park Add
MLS Listing ID M20040937
Sold Date 11/21/23
Construction Status Resale
Year Built 1990
Annual Tax Amount $6,845
Tax Year 2022
Lot Size 0.256 Acres
Acres 0.256
Property Description
Welcome to an awesome investment opportunity. A triplex with 6 bedrooms and 6 bathrooms total. This property offers a lucrative investment opportunity with stable rental income. Each unit features 2 spacious bedrooms and 2 full baths, providing ample space for comfortable living. Some highlights of this triplex is the fenced yard for each unit, the open work space and ample storage in the kitchens and stainless steel appliances. Inside, you'll find tile throughout, creating low-maintenance living environment. Each unit has separate electrical meters & central air conditioning. Unit #5043 brings in $1650 per month, unit #5045 brings in $1750 per month, and unit #5049 brings in $1625 per month in rental income. All units are currently occupied by stable tenants. Carrying costs include: $6800 in taxes annually, $3800 in insurance per year, and $130 per month for lawncare. The monthly income for all units is $5025, offering approximately 9% CAP rate.
Location
State FL
County Martin
Community Fenced Yard
Area 14-Hobe Sound Stuart S Of Cove Rd
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace No
Exterior
Exterior Feature Fence
Garage Driveway
Community Features Fenced Yard
Utilities Available Trash Collection, Water Available
Waterfront No
View Y/N Yes
View Garden
Roof Type Composition, Shingle
Private Pool No
Building
Faces West
Construction Status Resale
Others
Pets Allowed Yes
HOA Fee Include None
Senior Community No
Tax ID 303842004030000707
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Pets Description Yes
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