1663 NE Wren Avenue
About This Property
NO HOA. SELLING AS IS. Septic recently pumped and has new pipes. 2 new AC units. No roof leaks. Mobile home is old but still livable.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Dec 25, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Price Decreased |
$165,000
↓ $15K
(8.3%) | |
| Price Decreased | |||
| Oct 20, 2025 | Listed by EXP Realty LLC | $179,900 | |
| Listed by EXP Realty LLC | |||
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INVESTOR ALERT OR HANDY HOME BUYER! Great opportunity for LAND VALUE in an area of growth! This .31-acre FENCED property is located near new homes and developments. The existing mobile home needs work, could be fixed up or replaced. The lot is large enough to split (please check with Martin County for restrictions). No HOA—bring your boat, RV, or toys! Conveniently located close to downtown Stuart, downtown Jensen Beach, shopping, dining, and just 10 minutes to the beaches. The legal description includes original lots partial of 9, 10, and full lots 11,12,13,14 and (you can see notch out of 9 & 10 on aerial from tax records) The legal description includes original lots partial of 9, 10, and full lots 11,12,13,14 and (you can see notch out of 9 & 10 on aerial from tax records Endless possibilities for a handy buyer or investor! A new owner may choose to remove the current structure and install a new home (property is currently zoned for mobile home 0200 per tax records - please check Martin County for any other possible uses/restrictions) or potentially split the lot (subject to county approval) and place a second home. If the new owner splits the lot into 2 parcels of .15 each this would provide a lot of breathing room for each home site (again, subject to county approval for such). The fenced yard provides privacy and flexibility for parking or storage. Please drive by first. Due to the condition of the manufactured home the property is priced for the land value but the handy buyer may want to fix it up and have a nice large fenced lot for their pet, boat and/or RV. This area continues to see new development, making it an excellent time to invest in a larger lot close to the coast. Room sizes are approximate. Notwithstanding any other provision of this contract, this closing is subject to the successful completion of the probate administration, which is underway in Martin County Court. Seller represents that, to the best of Seller's knowledge, Seller has the right to sell the property to the Buyer upon the successful completion of the probate administration. Buyer acknowledges that fees, costs, and/or actual or hypothetical damages incurred by Buyer may result if the probate administration does not complete as anticipated. Buyer hereby waives any claims against Seller as a result of an unanticipated outcome from the probate administration.
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| Mar 30, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017