417 SE Coconut Avenue #35
About This Property
You don't want to miss this rare opportunity to own a historic property near Downtown Stuart. 417 SE Coconut Ave was built in 1925 prior to the Lyric Theater and same year Martin County was created. You have the opportunity of purchase two units in this historic building. These units do not come available for sale very often.
Unit #3 is classified at Mixed Use Condo and is 720 square feet. It is currently rented as a residence.
Unit #5 is classified as Mixed Use Condo and is 864 square feet. It is divided into two units. One upstairs and one downstairs. currently only the upstairs unit is rented as residences. The downstairs is currently vacant.
Currently these properties are producing approximately $36,000 per year in gross income when fully occupied.
Units are being sold as a package only.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 22, 2021 | Sold | ||
| Sold | |||
| Nov 1, 2020 | Listed by Coldwell Banker Realty | $299,999 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/05/2023
|
2 Bed
|
1 Bath
|
720 ft²
|
$227,000
2 Bed
1 Bath
720 ft²
|
$224,000
-1.32%
10/31/2023
|
Tiffany Harstad
RE/MAX of Stuart
| |
|
02/07/2022
|
1 Bed
|
1 Bath
|
720 ft²
|
$219,900
1 Bed
1 Bath
720 ft²
|
$220,000
+0.05%
06/01/2022
|
Linda E Turney
Atlantic Shores ERA Powered
| |
|
11/01/2020
|
3 Bed
|
3 Bath
|
1584 ft²
|
$299,999
3 Bed
3 Bath
1584 ft²
|
$275,000
-8.33%
03/22/2021
|
Troy Mcdonald
Engel & Volkers Stuart
| |
|
10/14/2014
|
Studio
|
3 Bath
|
1600 ft²
|
$188,888
Studio
3 Bath
1600 ft²
|
$179,000
-5.23%
02/06/2015
|
Sharman L. Nicholson
RE/MAX Ocean Properties
|
Building Info
About Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017