Last updated on March 11th, 2025

Investment Five Plex

$599,000

2407 15th Avenue, Vero Beach, Florida 32960


Building Size2,254 Square Feet
Land Size0.29 Acres
Units5
ZoningRM-10/12 - Residential Multifa
WaterCity
SewerCity
ElectricFPL
Year Built1959

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: $32,686.00
PRO-FORMA NOI: $37,006.00
ASKING PRICE: $599,000


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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