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3518 SE Cleveland Street, Stuart, FL 34997
$430,000
3518 SE Cleveland Street, Stuart, FL 34997View this property at 3518 SE Cleveland Street, Stuart, FL 34997
3518 SE Cleveland StreetStuartFL34997
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Property Description
Please do not disturb tenants. Salerno quadruplex located on a tranquil and secluded lot. Nestled up against undeveloped County owned land, this 0.179-acre lot has it's own private road and feels much larger when you are standing on it. The rents are currently at $1,000, $1,000, and $1,200 and could easily be raised by a new owner as they are all month to month. The fourth unit is owner occupied and upon closing will be available for a new buyer to move into or lease up for a 7.72% pro forma cap rate. If desired, the owner's unit can be easily combined with an adjoining unit to transform the property into a Triplex with a spacious 2bd/2ba unit, and two 1bd/1ba units. This property is a short drive to US 1, Interstate 95, Dixie Highway, and walking distance to a nearby grocery plaza and convenience stores. The Salerno neighborhood has been experiencing a modern renaissance and offers easy access to Sandsprit Park, Manatee Pocket, world class golf courses and much more.
Full Property Details
Full Property Details for 3518 SE Cleveland St
General
- Sold For: $430,000
- Taxes: $4,640 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: M20043087
- Added to Site: 131 day(s) ago
Location
- Area: 7-Stuart S of Indian St
- County: Martin
- Subdivision: Port Salerno
Community
- Community Name: 7-Stuart S of Indian St
- Assoc. Fees Include: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Structural Information
- Construction: Frame
- Square Feet: 1,714
- Living Area: 1,714 Sq. Ft.
- Year Built: 1968
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.179
- Lot Size: .179
Financial Considerations
- Tax Amount: $4,640
- Tax Year: 2022
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Legal Description: PORT SALERNO W 90' OF LOTS 1 & 2 BLK 187
- Disclosures/Rstr.: None
- Property ID: 513841001187000118
Listed by NAI Southcoast
Sold by Wall Street Realty Inc
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Schools
Schools serving 3518 SE Cleveland St
School District:Martin County School District
Rating | Name | Grades | Distance |
---|---|---|---|
3260 Se Lionel Ter, Stuart, FL 34997 | K-5 | 0.4 mi | |
4400 Se Murray St, Stuart, FL 34997 | 6-8 | 0.9 mi | |
2801 S Kanner Hwy, Stuart, FL 34994 | 9-12 | 3.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3518 SE Cleveland St
Date
Details
Price
Change
Source
1/19/2024
Sold
$430,000
-9.47%
MLS
1/07/2024
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3518 SE Cleveland Street, Stuart, FL 34997 (MLS# M20043087) is a Multi-Family property that was sold at $430,000 on January 19, 2024. Want to learn more about 3518 SE Cleveland Street? Do you have questions about finding other Multi-Family real estate for sale in Stuart? You can browse all Stuart real estate or contact a Coldwell Banker agent to request more information.