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$ 458,795
1,486 SqFt
$ 458,795
1,486 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,486 sqft
Price per Sqft $252
Subdivision Golden Gate
MLS Listing ID A11978315
Sold Date 05/15/26
HOA Y/N No
Year Built 1990
Annual Tax Amount $7,783
Tax Year 2025
Contingent Pending Inspections
Property Sub-Type Triplex
Property Description
Each unit offers an efficient floor plan with living area, kitchen, bedroom, and bath—well suited for long-term workforce housing tenants. The practical layouts support durable ownership and manageable operating costs. A newer roof adds long-term value and may help reduce near-term capital expense concerns.
Because the property is currently fully vacant, the new owner can set market rents immediately and select new tenants, providing full operational control without inherited leases. Comparable rents for 1BR units in the area indicate solid income potential once stabilized.
Located in the Golden Gate area of Stuart, the property benefits from convenient access to US-1, downtown Stuart, shopping, parks, and local employment centers, supporting steady rental demand for affordable housing in Martin County.
Opportunities to acquire small multifamily properties in Stuart are very limited, particularly with three units under one roof and immediate leasing flexibility. This property presents a compelling opportunity for investors seeking stable rental income and the ability to execute a clean lease-up strategy in a strong rental market.
Location
State FL
County Martin
Community Golden Gate
Area 6070
Interior
Heating None
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Ceramic Tile, Vinyl
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 3
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Other
Level or Stories Two
Structure Type Frame,Stucco
Others
Tax ID 373841007150001109
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
Bought with Coastal Real Estate Profession