Movoto Real Estate
Sold on 07/30/2024
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5199 SE Primrose Way, Stuart, FL 34997

  • $503,000

    Last sold 07/30/2024 for $532K

  • 6

    bed

  • 6

    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
Movoto 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 Agent Contact: 888-883-8509
Listing Office - EXP Realty LLC
Source: Beaches MLS mls logo
MLS#R10996698 • last updated 1 week ago
Movoto checked Beaches MLS for data 4 minutes ago
Overview
Cooling/AC Central Air
Heating Central
Levels/Style One, Triplex, 1
Virtual Tour N/A
MLS # R10996698
Status Closed
SubType Triplex
Living Area 2664
Property Tax 8552.42
Property Condition Resale
Year Built 1990
HOA Fee 30
Interior
Total # of Bathrooms 6
Total # of Bedrooms 6
Flooring Linoleum, Tile, Vinyl
Exterior
Roof Other
Construction Frame, ModularPrefab
Exterior Features None
Lot Features 1/4 To 1/2 Acre Lot
Amenities / Utilities
Water Source MultipleMeters, Public
HOA Amenities None
Location
View Other
Waterfront None
Subdivision DIXIE PARK ADDITION
APN 303842002009001790
Directions SE Cove Road To SE Railway Ave To 5199 SE Primrose On Left
Multifamily Details
Total # of Units 3
Net Operating Income 45522
Financial Data Source Owner
Gross Income 55800
$503K
Range: $462K-$543K
Last 30 days 
  • 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 (-18.1%)
  • Jun 17, 2024 Listed
    $649,900
  • Jun 16, 2024 Listed
    $649,900
  • 5199 SE Primrose Way
    $532K
  • 6070 - Stuart - South Of Indian St
  • 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.

Around 6070 - Stuart - South Of Indian St

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  • 5199 SE Primrose Way
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