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Sold for $520,000
  • $520,000

    5043 SE Primrose Way, Stuart, FL 34997

    6beds
    6baths
    2,511sqft
    Triplex, Multi Family, Multi Family
    Built in 1990
    -- sqft lot
    $643,700 Zestimate®
    $207/sqft
    $2,336 Estimated rent

    Home value

    $643,700

    $592,000 - $702,000

    $2,336/mo

    Zestimate® history
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    $3,513/mo

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    What's special

    Fenced yardSeparate electrical metersOpen work spaceAmple storageCentral air conditioning
    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.

    Zillow last checked:

    Listing updated:

    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#: M20040937MLS LogoOriginating 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

    Price history

    DateEventPrice
    11/21/2023Sold$520,000-1%$207/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem
    9/30/2023Pending sale$525,000$209/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem
    9/14/2023Contingent$525,000$209/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem
    9/9/2023Listed for sale$525,000+38.2%$209/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20040937 Report a problem
    11/18/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    11/16/2021Listed for rent$1,600$1/sqft
    Source: Zillow Rental Manager Report a problem
    7/20/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    7/14/2021Listed for rent$1,600+78.8%$1/sqft
    Source: Zillow Rental Manager Report a problem
    6/25/2021Sold$380,000$151/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20029366 Report a problem
    5/19/2021Pending sale$380,000$151/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20029366 Report a problem
    5/13/2021Listed for sale$380,000+220.1%$151/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20029366 Report a problem
    11/14/2018Listing removed$895
    Source: Property Manager Report a problem
    11/8/2018Listed for rent$895
    Source: Property Manager Report a problem
    6/27/2014Sold$118,700-53.2%$47/sqft
    Source: Public Record Report a problem
    4/1/2004Sold$253,900$101/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,258 +4.6%$498,960 +8.9%
    2024$8,854 +15.9%$458,210 +23.1%
    2023$7,638 +11.6%$372,086 +10%
    2022$6,845 +8.7%$338,260 +26.3%
    2021$6,296 +8.9%$267,859 +10%
    2020$5,781 +10.7%$243,509 +10%
    2019$5,222 $221,372 +1.2%
    2018$5,222 +14.3%$218,700 +8%
    2017$4,570 +59.1%$202,500 +19%
    2016$2,872 $170,100 +12.5%
    2015$2,872 $151,200 +23.5%
    2014$2,872 $122,400
    2013-- $122,400 +3%
    2012-- $118,800 -6.3%
    2011-- $126,720
    2010-- $126,720 -20%
    2009-- $158,400 -35.1%
    2008-- $243,940 -4.3%
    2007$2,550 +10.3%$255,000 +10.3%
    2006$2,313 $231,270 +22%
    2005-- $189,590

    Find assessor info on the county website

    Neighborhood: Port Salerno

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $643,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $643,700