Duplex with Separate
For Sale
$542,500
3365 SE Garden Street 3365, Stuart, FL 34997
Each residence offers three bedrooms, one bathroom, and washer and dryer hookups.
Property Size2,146 SF
Price / SF$252.80
Days on Market200
Property Features for 3365 SE Garden Street 3365
General Information
Standard status
Active
Size
2,146 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
water, sewer, electric
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,026
Amenities
washer/dryer hookups
Building Details
Building Size
2,146 SF
Year Built
1979
Buildings
1
Listing Agency:
Landmark Investments & Real Estate
Listed By:
Melvin V. Robinson · License #3023330
(772) 708-1518
Source:
Rennyrealty
Added: Apr 18
Changed: Oct 31
Last Checked: Oct 31 at 3:24AM
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 Landmark Investments & Real Estate
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Investment Insights
Based on property information with market context.
This 2,146-square-foot duplex, built in 1979, contains two units, each with three bedrooms and one bathroom. A metal roof serves the property, and water, sewer, and electric are individually metered for each residence. Both units have washer and dryer hookups.
One unit is vacant, while the other is leased. The property is near Cleveland Clinic, parks, shopping, golf courses, restaurants, and other businesses and recreational facilities.
One unit is vacant, while the other is leased. The property is near Cleveland Clinic, parks, shopping, golf courses, restaurants, and other businesses and recreational facilities.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 2,146 square feet; built in 1979
- Separate water, sewer, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,515
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,300
$630.3K
Cap Rate 7%
$450,214
$450.2K
Cap Rate 9%
$350,167
$350.2K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$47.6K $22.20/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$45.0K $20.98/SF
− OpEx
−$13.5K −$6.29/SF
NOI
$31.5K $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%
$630,300
Cap Rate 7%
$450,214
Cap Rate 9%
$350,167
Alternative Uses
Best Use
Multifamily LT 5
$450.2K
$393.9K – $525.3K
NOI $31,515 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 4.83%
Theoretical Best
Retail
$563.8K
$493.3K – $657.7K
NOI $39,464 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
360
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, one bathroom, and washer and dryer hookups.
Where is this duplex located?
The property is located at 3365 SE Garden Street 3365 Stuart, FL.
What is the asking price?
The asking price for this property is $542,500.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 2,146 square feet; built in 1979; Separate water, sewer, and electric meters for each unit
