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1150 Old Dixie Highway

Vero Beach, FL 32960
  • $400,000
  • STATUS: Active
  • ON SITE: 281 Days
  • MLS #: RX-10793658
UPDATED: 84 min ago
$400,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,538
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Description

This is the Best Deal in Town! Over 1/4 Acre of Commercial Heavy Land with Cash-flowing Rental Units Centrally located in Vero Beach. This multifamily property consists of two buildings on one .29 Acre Parcel. Collect the income while you plan to build your commercial building. The front building consists of three units: (2) 1bedroom units downstairs & (1) 2bedroom unit upstairs. The back building consists of (2) 1bedroom units. Each Building has one electric meter. The landlord currently pays for utilities & the property is self-managed. Current Rents are below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new HVAC. Gross Operating Income is Approximately $44,400 Annually. Perfect Purchase for Cashflow with Value Add Potential.

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www.oceankeyrealty.com/homes/127915635
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1150 Old Dixie Highway Vero Beach, FL 32960

  • Price: $400,000
  • Status: Active
  • On Site: 281 Days
  • Updated: 84 min ago
  • MLS #: RX-10793658
0
Beds
0
Baths
0
½ Baths
0.29
Acres
2,538
SQFT
$158
$/SQFT
1910
Built
Neighborhood:
Gablers Subdivision
County:
Indian River
Area:
Vero Beach
Property Description
This is the Best Deal in Town! Over 1/4 Acre of Commercial Heavy Land with Cash-flowing Rental Units Centrally located in Vero Beach. This multifamily property consists of two buildings on one .29 Acre Parcel. Collect the income while you plan to build your commercial building. The front building consists of three units: (2) 1bedroom units downstairs & (1) 2bedroom unit upstairs. The back building consists of (2) 1bedroom units. Each Building has one electric meter. The landlord currently pays for utilities & the property is self-managed. Current Rents are below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new HVAC. Gross Operating Income is Approximately $44,400 Annually. Perfect Purchase for Cashflow with Value Add Potential.
Exterior Features

Carport Spaces 0.00 Construction FrameMixedWoodside Exterior Features None Lot Description 1/4 To 1/2 AcrePaved RoadWest Of Us-1 Lot Dimensions 65.0 Ft X 210.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Water Frontage 0 Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanWall-Win A/C Flooring Laminate Heating Window/Wall Unit1 Bedrooms 1 Unit1 Desc A/C Unit Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 850 Unit2 Bedrooms 2 Unit2 Desc A/C Unit Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 1170 Unit3 Desc A/C Unit Unit3 Info Efficiency Unit3 Sq Ft 418 Unit4 Desc A/C Unit Unit4 Info Efficiency Unit4 Sq Ft 418

Property Features

Annual Net Operating Income 32000.00 Annual Total Expenses 12400.00 Application Fee 0.00 Auction No Available Info AccountingLeases Built Desc Resale Development Name Malaluka Gardens & Vicinity Gated Community No Gross Operating Income 44400.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex REO No Restrictions Other Sellers Package Incomplete Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 2586.00 Subdivision Amenities None Tax Amount 2442.73 Tax Year 2021 Taxes County OnlyNo Homestead Tenant Pays None Terms Considered CashConventionalExchangeOwner Unit1 Monthly Income 750.00 Unit2 Monthly Income 1100.00 Unit3 Monthly Income 750.00 Unit4 Monthly Income 700.00 Utilities ElectricPublic WaterSeptic Zoning Ch

Listing provided courtesy of Exp Realty Llc: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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