5043 SE Primrose Way, Stuart, FL 34997

$520,000
2,511
SqFt
Sold Price
$520,000
List Price
$525,000
Closing Date
Nov 21, 2023
MLS#
M20040937
Sq. Ft
2,511
County
Martin
Subdivision
Dixie Park Add
Region
14-Hobe Sound Stuart S of Cove Rd
Year Built
1990

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.

Additional Information

Heating
Central
Cooling
Central Air
Roof
Composition, Shingle
Exterior Features
Fence
Flooring
Ceramic Tile
Construction
Frame, Stucco
Living Area
2,511
Pets Allowed
Yes

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RE/MAX of Stuart. Contact: 772-288-1111

Selling Office: RE/MAX of Stuart.

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