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1895 40th Ave. Vero Beach, FL 32960
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Key Details
Sold Price $1,416,250
Property Type Multi-Family
Sub Type Income/Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision 8 Unit Multi Family
MLS Listing ID F10352882
Sold Date 01/03/23
Construction Status Resale
HOA Y/N Yes
Total Fin. Sqft 12943
Year Built 1972
Annual Tax Amount $6,095
Tax Year 2021
Lot Size 0.297 Acres
Property Description
List price is Starting Bid for Auction. VALUE-ADD investment opportunity to acquire a 100% leased 8 UNIT multifamily property. Unit #4 fully renovated in 2022. Add value with remaining 7 units by increasing rents to market rate or renovate for additional value. See Offering Memorandum for renovation plans and earnings projections. Prime location near Walmart, Target and more national retailers. Exterior painted and parking lot repaved in 2022. SEPARATELY METERED water and electric. Community coin laundry. *Also available, 8 unit multifamily property 1896 40th Ave. directly across the street!*
OWNER FINANCING available, see Owner Financing Terms Sheet for Details.
AUCTION DATES: 10/31/22 through 11/2/22.
Location
State FL
County Indian River County
Area Ir31
Zoning RCLO
Exterior
Waterfront No
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Story 2.0000
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
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Bought with Inkwell LLC
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