Investment Five Plex
2407 15th Avenue, Vero Beach, Florida 32960
Sold: $500,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
2,254 sqft
Land Size
0.29 acres
Units
5
Sewer
City
Water
City
Zoning
RM-10/12 - Residential Multifa
Electric
FPL
Year Built
1959
Property Description
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