Vero Beach, FL 32960,1895 40th Ave.
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Vero Beach, FL 32960,1895 40th Ave.
Vero Beach, FL 32960,1895 40th Ave.
Vero Beach, FL 32960,1895 40th Ave.
Vero Beach, FL 32960,1895 40th Ave.

$1,416,250

Est. payment /mo

$450,000

214.7%
Est.Price: ?

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1895 40th Ave. Vero Beach, FL 32960

0.3 Acres Lot

SOLD DATE : 01/03/2023

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

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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BeachesMLS Matrix (RAPB-F prefix)
Listed by Inkwell LLC
Bought with Inkwell LLC

Daniel A. Hammer, Sr.

License Partner/Broker

+1(678) 575-6805

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