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Sold on 06/24/2024
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5199 SE Primrose Way, Stuart, FL 34997

  • $503,000

    Last sold 06/24/2024 for $532K

  • bed

  • bath

  • 2,664

    Sqft ($200/Sqft)

Multi-family not for sale
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About 5199 SE Primrose Way

Property type Multi-family
Neighborhood
Year built 1990
HOA fee $30/month
Lot size 0.26 Acre
Movoto estimate
Rental estimate
Property description
Great opportunity to own this renovated Triplex in Stuart on an 11,251 sq ft lot. Stuart is named one of the best places to live in Florida. The location is close to Port Salerno, parks, dining, and 6 miles from downtown. Each unit is on a separate meter and has a washer and dryer hookup. Each unit is 2 bedrooms and 2 bathrooms with separate driveways. Unit one and unit two are occupied on a month-to-month basis, and unit three is currently occupied. The Triplex is located in a quiet neighborhood of Manatee Park.This renovated triplex offers steady rental income with three units. Each unit features two bedrooms, two bathrooms, separate driveways, and individual meters. The property includes washer and dryer hookups for each unit. Situated in a quiet neighborhood of Manatee Park. ### Rental Income Opportunity Listing #### Property Overview Great opportunity to own this renovated Triplex in Stuart on an 11,251 sq ft lot. Stuart is named one of the best places to live in Florida. The location is close to Port Salerno, parks, dining, and 6 miles from downtown. Each unit is on a separate meter and has a washer and dryer hookup. Each unit is 2 bedrooms and 2 bathrooms with separate driveways. Unit one and unit two are occupied on a month-to-month basis, and unit three is currently occupied. The Triplex is located in a quiet neighborhood of Manatee Park. #### Property Details This renovated triplex offers steady rental income with three units. Each unit features two bedrooms, two bathrooms, separate driveways, and individual meters. The property includes washer and dryer hookups for each unit. #### Location Highlights Situated in a quiet neighborhood of Manatee Park, this property is close to Port Salerno, parks, dining options, and only 6 miles from downtown Stuart, making it a prime location for tenants. Stuart has been named one of the best places to live in Florida, enhancing the investment's appeal. #### Investment Highlights With current tenants in all units, this triplex provides an immediate income opportunity. The property has been recently renovated, reducing the need for immediate maintenance and improving rental appeal. This triplex offers a fantastic investment opportunity with its prime location, individual unit features, and potential for rental income. Don't miss out on this chance to own a piece of one of Florida's best places to live!
Listed by
Listing Agent - Fiona Barone
Listing Office - EXP Realty LLC
Source: SEFMLS mls logo
MLS#R10996698 • last updated 1 day ago
Movoto checked SEFMLS for data 3 minutes ago
Overview
Cooling/AC Central Air
Heating Central
Levels/Style One, 1
Type Residential Income
SubType Triplex
Status Closed
Virtual Tour N/A
MLS # R10996698
SqFt 2664
Lot Size (Acres) 0.26
Property Tax 8552
Year Built 1990
HOA Fee 30
Interior
Exterior
Roof Other
Exterior Features None
Lot Desc 1/4 To 1/2 Acre Lot
Amenities / Utilities
Electricity 3 Phase
Water Source Public
Pool Desc None
HOA Amenities None
Location
Subdivision DIXIE PARK ADDITION
Area/ Subdivision 6070
Community Features Home Owners Association
APN 303842002009001790
Directions SE Cove Road To SE Railway Ave To 5199 SE Primrose On Left
Zoning Res
Multifamily Details
Total # of Units 3
Tenant Pays Water
Net Operating Income 45522
Gross Income 55800
Financial Data Source Owner
Total Actual Rent 55800
Lot/ Land Details
$503K
Range: $462K-$543K
Last 30 days 
Rental est.: $2,097/month
Gross rent multiplier: 25.8
  • Jul 2024
    mls logo MLS # RX-10996698
  • Jul 30, 2024 Sold
    $532,000
  • Jul 15, 2024 Pending
  • Jun 24, 2024 Active
  • Jun 17, 2024 Listed
    $649,900
  • Jul 2024
    mls logo MLS # R10996698
  • Jul 30, 2024 Sold
    $532,000
  • Jul 30, 2024 Sold
    $532,000 (-18.1%)
  • Jun 17, 2024 Listed
    $649,900
  • Jun 16, 2024 Listed
    $649,900
  • 5199 SE Primrose Way
    $532K
  • Dixie Park Addition
  • 34997
    $583K +11% y/y
  • Stuart
    $504K +5% y/y
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Statistics calculated by Movoto

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3/10
3/10
Murray Middle School
public Grades 6-8
Martin
5/10
South Fork High School
public Grades 9-12
Martin
Source: GreatSchools.org © 2026. All rights reserved.

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  • 5199 SE Primrose Way
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