Investment Five Plex

PROPERTY SUMMARY

• Fully Rented Five-plex in Downtown Vero!
• Central Location with Pool, Minutes from the Beach
• Walking Distance to Shopping, Restaurant, and Downtown
• Four 1-Bedroom / 1-Bathroom Units & One Efficiency Unit
• All Units on One Electric Meter
• Metal Roof Installed 2014
• City Water/Sewer, FPL
• Renovated Kitchens and Restrooms
• Wood Flooring (Most Units)
• Central A/C

BUILDING SIZES: 2,254 SF Five-plex Located on 0.29 Acres with Approx. 100 ft. of Frontage on 15th Ave. and Approx. 125 Ft. of Depth!
YEAR BUILT: 1959
PROPERTY SIZE: 0.29 Acres
PROPERTY TAXES: $5, 296.00 (2024)
ZONING: RM-10/12 - Residential Multifamily Med. & High Density
ACTUAL NOI: $34,846
PRO-FORMA NOI: $37,006
ASKING PRICE: $570,000