New
For Sale
$525,000
2696 SE Bonita Street, Stuart, FL 34997
The three-unit property is occupied by tenants on month-to-month agreements.
Property Size2,825 SF
Price / SF$185.84
Days on Market4
Property Features for 2696 SE Bonita Street
General Information
Standard status
Active
Size
2,825 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,449
Building Details
Building Size
2,825 SF
Year Built
1974
Listing Agency:
Illustrated Properties - SP Collective
Listed By:
Lauren Purkey · License #3201711
(772) 486-7822
Source:
Meyerlucas
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Illustrated Properties - SP Collective
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Investment Insights
Based on property information with market context.
Built in 1974, this Stuart triplex contains 2,825 square feet across three units. The current tenants hold month-to-month agreements, allowing for continued occupancy under the existing arrangements.
The property is minutes from US-1 and I-95, with Downtown Stuart, shopping, dining, and beaches also nearby.
The property is minutes from US-1 and I-95, with Downtown Stuart, shopping, dining, and beaches also nearby.
Key Highlights
- 2,825‑square‑foot triplex
- Three‑unit property built in 1974
- Current tenants are on month‑to‑month agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,486
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,720
$829.7K
Cap Rate 7%
$592,657
$592.7K
Cap Rate 9%
$460,956
$461.0K
Market Conditions
NOI Build-Up for 2,825 SF
Gross rent
$62.7K $22.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$59.3K $20.98/SF
− OpEx
−$17.8K −$6.29/SF
NOI
$41.5K $14.69/SF
Area
Martin County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,720
Cap Rate 7%
$592,657
Cap Rate 9%
$460,956
Alternative Uses
Best Use
Multifamily LT 5
$592.7K
$518.6K – $691.4K
NOI $41,486 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$492.6K
$431.0K – $574.7K
NOI $34,481 @ 7.0% cap · market cap 6.57%
Theoretical Best
Retail
$742.2K
$649.4K – $865.9K
NOI $51,951 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 34997, FL
44,000
Population
22,192
Households
2
Avg Household Size
52
Median Age
30%
College-Educated
92%
High-School Grad
90.7 sq mi
ZIP Area
485
Density / Sq Mi
$75,705
Median Household Income
$37,381
Median Earnings
$1,520
Median Rent
$335,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The three-unit property is occupied by tenants on month-to-month agreements.
Where is this triplex located?
The property is located at 2696 SE Bonita Street Stuart, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,825‑square‑foot triplex; Three‑unit property built in 1974; Current tenants are on month‑to‑month agreements
