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Property Description

This is the Best Deal in Town! Over 1/4 Acre of Commercial Heavy Land with Cash-flowing Rental Units Centrally located in Vero Beach. This multifamily property consists of two buildings on one .29 Acre Parcel. Collect the income while you plan to build your commercial building. 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 below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new HVAC. Gross Operating Income is Approximately $44,400 Annually. Perfect Purchase for Cashflow with Value Add Potential.

Features
: Window/wall
: Ceiling fan, Wall-win a/c
: Open parking
: Laminate
: Comp shingle
: Electric, Public water, Septic
: Frame, Woodside, Mixed
Address Map
US
FL
Indian River
Vero Beach
32960
Old Dixie
1150
Highway
GABLERS SUBDIVISION
6331 - county central (ir)
W81° 36' 22.3''
N27° 37' 21.6''
Additional Information
Active
2021
$2,443
No
20151113212001889686000000
EXP Realty LLC
Malaluka Gardens & Vicinity

Quad plex

1150 Old Dixie Highway, Vero Beach, Florida 32960

2,586 Sqft
$400,000
Listing ID #RX-10793658
Basic Details
Listing Type : Quad plex
Listing ID : RX-10793658
Price : $400,000
Square Footage : 2,586 Sqft
Year Built : 1910
Agent info
Exclusive Real Estate Group
140 Intracoastal Pointe Drive Suite #101 Jupiter, FL 33477
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