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1150 Old Dixie Highway

Vero Beach, FL 32960
  • $400,000
  • STATUS: Active
  • ON SITE: 172 Days
  • MLS #: RX-10823579
UPDATED: 60 min ago
$400,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,538
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Description

This is the Best Deal in Town! Over 1/4 Acres of Commercial Heavy Land, with cash-flowing apartments, Centrally located in Vero Beach. Purchase the property and earn income while you make plans to build a commercial building. This multifamily property consists of two buildings on one .29 Acre parcel. 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 Approximately 25% below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new AC. Gross Operating Income is Approximately $44,400 Annually.

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www.oceankeyrealty.com/homes/132015611
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1150 Old Dixie Highway Vero Beach, FL 32960

  • Price: $400,000
  • Status: Active
  • On Site: 172 Days
  • Updated: 60 min ago
  • MLS #: RX-10823579
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 Acres of Commercial Heavy Land, with cash-flowing apartments, Centrally located in Vero Beach. Purchase the property and earn income while you make plans to build a commercial building. This multifamily property consists of two buildings on one .29 Acre parcel. 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 Approximately 25% below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new AC. Gross Operating Income is Approximately $44,400 Annually.
Exterior Features

Construction ElevatedFrameWoodside Miles To Beach 33 Roof Comp Shingle Waterfront Description None Waterfront YN No

Interior Features

Bath Toilets 5.00 Cooling Central IndividualWall-Win A/C Flooring LaminateVinyl Floor Heating No Heat Percent Air Conditioned 5.00 Unit1 Full Baths 1 Unit1 Unit Desc 1 Bedroom Unit2 Unit Desc 1 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 2 Bedroom Unit4 Full Baths 1 Unit4 Unit Desc 1 Bedroom Unit5 Full Baths 1 Unit5 Unit Desc 1 Bedroom

Property Features

Ann Assoc Condo Dues 0.00 Auction No Available Docs None Available Info Books & RecordsCopies Of Lease Built Desc Resale Fire Protection None For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location County Meters 2.00 Min Lease Months 0.00 Monetary Info Gross Oper Income 44400.00 Monetary Info Net Oper Income 32000.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 12400.00 Sale Includes Building And Land Security None Tax Amount Real Estate Taxes 2442.73 Tax Year 2021 Tenant Pays None Terms Considered CashConventionalOwner Type Of Building IncomeResident. Multi-Fam. Unit1 Rent Period Month Unit2 Rent Period Month Unit3 Rent Period Month Unit4 Rent Period Month Unit5 Rent Period Month Use Income Utilities ElectricPublic SewerPublic Water Zoning Mf2-9

Listing provided courtesy of Exp Realty Llc: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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1900 Glades Rd
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