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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.

Features
: No heat
: Wall-win a/c, Central individual
: Laminate, Vinyl floor
: Comp shingle
: Electric, Public water, Public sewer
: Frame, Woodside, Elevated
Address Map
US
FL
Indian River
Vero Beach
32960
Old Dixie
1150
Highway
GABLERS SUBDIVISION
6331 - county central (ir)
W81° 36' 22.4''
N27° 37' 21.7''
Additional Information
Active
2021
$2,443
No
20151113212001889686000000
EXP Realty LLC

Multifamily (5+ units)

1150 Old Dixie Highway, Vero Beach, Florida 32960

5 Bathrooms
$400,000
Listing ID #RX-10823579
Basic Details
Listing Type : Multifamily (5+ units)
Listing ID : RX-10823579
Price : $400,000
Bathrooms : 5
Year Built : 1910
Agent info
Exclusive Real Estate Group
140 Intracoastal Pointe Drive Suite #101 Jupiter, FL 33477
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