Theresa Theodorou
EXP Realty, LLC
(321) 449-7903
24 Total Sales
1 in Central Vero Beach
$124,000 Price
1896 40th Ave Vero Beach, FL 32960
Central Vero Beach Neighborhood
--
Beds
--
Baths
11,750
Sq Ft
0.3
Acre Lot
About This Home
As of December 2022List price is starting bid for Auction. VALUE-ADD investment opportunity to acquire a 100% leased 8 UNIT multifamily property. Unit #1 and 4 fully renovated in 2022. Add value with remaining 6 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 1895 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.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,024
Year Built
- Built in 1972
Lot Details
- 12,959 Sq Ft Lot
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 11,750 Sq Ft Home
- 2-Story Property
Parking
- 16 Parking Spaces
- Common or Shared Parking
Community Details
- No Home Owners Association
- 8 Units
- 8 Unit Multi Family Condos
Listing and Financial Details
- Assessor Parcel Number 333903000260080000010
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2022
Closed on
Dec 1, 2022
Sold by
Dec3 Inc
Bought by
Buyer's Agent
Megan Paranzino
Inkwell LLC
List Price
$450,000
Sold Price
$1,339,000
Premium/Discount to List
$889,000
197.56%
Purchase Details
Closed on
Feb 3, 2016
Sold by
Treasure Coast Apartments Llc
Bought by
Cape Sunbelt Lp
Purchase Details
Closed on
Jun 20, 2014
Sold by
Pelletier Marco
Bought by
Treasure Coast Apartments Llc
Purchase Details
Closed on
Jun 21, 2013
Sold by
Clemons Adelene Q
Bought by
Pelletier Marco
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Interest Rate
3.53%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Vero Beach, FL
-
Theresa Theodorou
-
John King
John King
RE/MAX Crown Realty
(772) 646-9504
904 Total Sales
14 in Central Vero Beach
$170K - $1.2M Price Range
-
Vance Brinkerhoff
Vance Brinkerhoff
Responds QuicklyColdwell Banker Paradise
(772) 277-2473
238 Total Sales
41 in Central Vero Beach
$40K - $1.7M Price Range
-
Diane Field
Diane Field
Engel & Voelkers Vero Beach
(772) 577-2762
12 Total Sales
2 in Central Vero Beach
$83K - $235K Price Range
-
Marlene Kaplan
Marlene Kaplan
Charles Rutenberg Realty FTL
(833) 660-4253
25 Total Sales
1 in Central Vero Beach
$160,000 Price
-
Robin Raiff
Robin Raiff
Responds QuicklyThe Keyes Company
(772) 646-9684
387 Total Sales
17 in Central Vero Beach
$160K - $1.5M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,339,000 | Novare National Settlement Ser | ||
| Cape Sunbelt Lp | $389,000 | Attorney | |
| Treasure Coast Apartments Llc | $162,000 | Attorney | |
| Pelletier Marco | $255,000 | Dominion Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $165,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/05/2022 12/05/22 | Sold | $1,339,000 | +197.6% | $114 / Sq Ft |
| 11/05/2022 11/05/22 | Pending | -- | -- | -- |
| 10/18/2022 10/18/22 | For Sale | $450,000 | 0.0% | $38 / Sq Ft |
| 04/28/2020 04/28/20 | For Rent | $900 | 0.0% | -- |
| 04/28/2020 04/28/20 | Rented | $900 | +2.9% | -- |
| 10/23/2019 10/23/19 | For Rent | $875 | +6.1% | -- |
| 10/23/2019 10/23/19 | Rented | $825 | -- | -- |
Source: MIAMI REALTORS® MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,815 | $365,192 | $60,584 | $304,608 |
| 2024 | $5,945 | $364,904 | $60,584 | $304,320 |
| 2023 | $5,945 | $322,113 | $24,234 | $297,879 |
| 2022 | $5,958 | $323,332 | $22,030 | $301,302 |
| 2021 | $6,024 | $326,796 | $22,030 | $304,766 |
| 2020 | $6,101 | $330,775 | $22,030 | $308,745 |
| 2019 | $6,291 | $334,795 | $22,030 | $312,765 |
| 2018 | $6,436 | $338,818 | $22,030 | $316,788 |
| 2017 | $5,774 | $297,594 | $0 | $0 |
| 2016 | $4,411 | $218,100 | $0 | $0 |
| 2015 | $4,629 | $223,520 | $0 | $0 |
| 2014 | $4,069 | $206,310 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Megan Paranzino
MP
Buyer's Agent in 2022
Megan Paranzino
Inkwell LLC
(786) 282-7278
2 in this area
17 Total Sales
-
Lynn Hundley
LH
Seller's Agent in 2020
Lynn Hundley
Suncoast Realty & Rental Mgmt
(954) 793-0392
1 in this area
2 Total Sales
Map
Source: MIAMI REALTORS® MLS
MLS Number: F10352876
APN: 33-39-03-00026-0080-00001.0
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