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.
Sold for $520,000 on 11/21/23
$520,000
5043 SE Primrose Way, Stuart, FL 34997
6beds
6baths
2,511sqft
Triplex, Multi Family, Multi Family
Built in 1990
-- sqft lot
$623,900 Zestimate®
$207/sqft
$2,106 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 05, 2024 at 12:29pm
Listed by:
Nicole Nastasia 772-288-1111,
RE/MAX of Stuart,
Andrea Turke 772-215-3146,
RE/MAX of Stuart
Bought with:
Nicole Nastasia, 3195754
RE/MAX of Stuart
Source: Martin County REALTORS® of the Treasure Coast (MCRTC),MLS#: M20040937
Originating MLS: Martin County

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 2,511
- Total interior livable area: 2,511 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: Fence
- Has view: Yes
- View description: Garden
Lot
- Size: 0.26 Acres
- Dimensions: .25
Details
- Parcel number: 303842004030000707
- Zoning description: RE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Frame, Stucco
- Roof: Composition,Shingle
Condition
- Resale
- Year built: 1990
Utilities & green energy
- Utilities for property: Trash Collection, Water Available
Community & neighborhood
Community
- Community features: Fenced Yard
Location
- Region: Stuart
- Subdivision: Dixie Park Add
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$623,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$623,900