Price Reduced Listing4-unit income property in downtown Vero Beach generating ~$5,995/month (~$71,940/year) at ~8% cap. Rear duplex is newer construction (2 units) and front duplex (2 units) offers value-add potential including 2BR conversion. City water/sewer, separate electric meters. Industrial zoning allows flexibility; current multifamily use is legally non-conforming. Front building may need roof and interior updates. Fully occupied. Showings after accepted contract. Deal sheet available. Strong rental history with consistent income. Portion of rents supported by housing assistance programs.
| MLS # | B26014940 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 174 |
| Listing Provided By | EXP Realty LLC | Katie Holmes |
| SQ Feet | 1,504 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | M |
| Acreage | 0.14 |
| Lot Features | Less Than One Acre, Less Than Quarter Acre |
|---|
| Tax Annual Amount | 5037 |
|---|
| State | FL |
|---|---|
| County | Indian River |
| City | Vero Beach |
| Zip Code | 32960 |
| Area | 6321 City of Vero Beach |
| Community Name | J A FRERES SUB |
| Listing VS Median (in J A FRERES SUB) | |
Price: $674,999 low | high Med: $674,999 sqft: 1,504 low | high Med: 1,504 $ / sqft: $449 low | high Med: $449 On site: 174 low | high Med: 174 | |
| State | FL |
|---|---|
| County | Indian River |
| City | Vero Beach |
| Zip Code | 32960 |
| Area | 6321 City of Vero Beach |
| Community Name | J A FRERES SUB |
| Listing VS Median (in J A FRERES SUB) | |
Price: $674,999 low | high Med: $674,999 sqft: 1,504 low | high Med: 1,504 $ / sqft: $449 low | high Med: $449 On site: 174 low | high Med: 174 | |