Two-Bedroom Residential Income
For Sale
$215,000
Pending
3554 SE Cobia Way, Stuart, FL 34997
Rental restrictions are not imposed, and the HOA handles lawn care and waste management.
Property Size944 SF
Days on Market38
Property Features for 3554 SE Cobia Way
General Information
Standard status
Pending
Size
944 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,874
Amenities
courtyard
storage shed
Building Details
Building Size
944 SF
Year Built
1981
Construction
CBS
Listing Agency:
Keller Williams Realty Of The
Listed By:
Christine Puglisi · License #3400669
(772) 634-2642
Source:
Rennyrealty
Added: Sep 24
Changed: Oct 31
Last Checked: Oct 31 at 3:17AM
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 Keller Williams Realty Of The
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Investment Insights
Based on property information with market context.
This 944-square-foot villa was built in 1981 and has two bedrooms, two bathrooms, and a split-bedroom layout. Concrete block construction, a metal roof, and a large storage shed are among its features. A private courtyard adds outdoor space, while the HOA provides lawn maintenance, waste management, roof coverage, and exterior building insurance. The roof dates to 9/2018, and the water heater was installed in 2015. The seller is offering interior painting with the sale.
The property is in Historic Port Salerno, minutes from the waterfront and its marinas, fishing charters, seafood restaurants, live music, and other local entertainment. Rental restrictions are not in place.
The property is in Historic Port Salerno, minutes from the waterfront and its marinas, fishing charters, seafood restaurants, live music, and other local entertainment. Rental restrictions are not in place.
Key Highlights
- 944‑square‑foot villa with 2 bedrooms and 2 bathrooms
- Built in 1981 with concrete block construction and a metal roof
- Split‑bedroom floor plan, courtyard, and large storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,522
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,440
$230.4K
Cap Rate 7%
$164,600
$164.6K
Cap Rate 9%
$128,022
$128.0K
Market Conditions
NOI Build-Up for 944 SF
Gross rent
$22.4K $23.76/SF
− Vacancy
−$1.5K −$1.57/SF
EGI
$20.9K $22.19/SF
− OpEx
−$9.4K −$9.99/SF
NOI
$11.5K $12.21/SF
Area
Martin County, FL
Vacancy
6.60%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,440
Cap Rate 7%
$164,600
Cap Rate 9%
$128,022
Alternative Uses
Best Use
Apartment 5plus
$164.6K
$144.0K – $192.0K
NOI $11,522 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$248.0K
$217.0K – $289.3K
NOI $17,360 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Rental restrictions are not imposed, and the HOA handles lawn care and waste management.
Where is this residential income property located?
The property is located at 3554 SE Cobia Way Stuart, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 944‑square‑foot villa with 2 bedrooms and 2 bathrooms; Built in 1981 with concrete block construction and a metal roof; Split‑bedroom floor plan, courtyard, and large storage shed
