NOT LISTED FOR SALE

2356 16th Ave Vero Beach, FL 32960

Central Vero Beach Neighborhood
1 Bed
1 Bath
3,088 Sq Ft
12,632 Sq Ft Lot

Last Sold January 11, 2022

Last sale price $645,000 $209 Per Sq Ft

11 Days on Market

Highlights

  • Deck
  • Jalousie or louvered window
  • Tile Flooring
  • Corner Lot
  • Patio
  • 5-minute walk to Pocahontas Park

About This Home

As of January 2022

Opportunity Knocks! 6 unit apartment complex in the heart of Vero Beach - just blocks from downtown attractions incl the park, library, courthouse, shopping, restaurants, public transit and more. Property consists of 4 studios and 2 one bedroom apartments with off street parking. Great income earner - offered at a 7% CAP rate! FREC Registered owner. *Please do not disturb the tenants*

Last Agent to Sell the Property

Steve Rennick

Rennick Real Estate License #3058135 Listed on: 11/30/2021

Last Buyer's Agent

Shawn Venazio

Dale Sorensen Real Estate Inc. License #3391627

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,439

Year Built

  • Built in 1953

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100x125
  • Fenced
  • Corner Lot

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Jalousie or louvered window
  • Blinds

Flooring

  • Carpet
  • Tile

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • No Heating

Listing and Financial Details

  • The owner pays for common area maintenance, cable TV, electricity, grounds care, insurance, sewer, taxes, trash collection, water
  • Tax Lot 13
  • Assessor Parcel Number 33390200001020000013.0

Community Details

Overview

  • Original Town Subdivision

Building Details

  • 2 Separate Electric Meters
  • Insurance Expense $2,565
  • Maintenance Expense $5,098
  • Operating Expense $16,530
  • Gross Income $61,980
  • Net Operating Income $45,449

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,439

Year Built

Built in 1953

Lot Details

0.29 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Lot Size: 100x125
  • Road Surface Type: Paved
  • Subdivision Name: Original Town
  • Directions: From Route 60, head north on 16th Ave to #2356.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1953
  • Attribution Contact: 772-562-5015
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Partially
  • Possible Use: Mixed Use
  • Owner Pays: Common Area Maintenance, Cable TV, Electricity, Grounds Care, Insurance, Sewer, Taxes, Trash Collection, Water
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Stories: 2
  • Window Features: Blinds, Jalousie

Exterior Features

  • Lot Features: Corner Lot, 1/4 to 1/2 Acre Lot
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Frame, Concrete
  • Exterior Features: Deck, Fence, Patio, Rain Gutters
  • Patio And Porch Features: Deck, Patio
  • Roof: Other

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: None
  • Cooling: 3+ Units
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 5427.0

Condo/Co-op/Association

  • Community Features: None, Gutter(s)
  • Association Name: Self Managed

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Parcel #: 33390200001020000013.0
  • Zoning Description: Multiple
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 61980.0
  • Insurance Expense: 2565.0
  • Maintenance Expense: 5098.0
  • Property Net Operating Income: 45449.0
  • Annual Operating Expense: 16530.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 3439.0
  • Tax Lot: 13
  • Tax Year: 2021
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2022 01/11/22 Sold $645,000 -0.8% $209 / Sq Ft
12/12/2021 12/12/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $650,000 -- $210 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History

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 $9,448 $537,044 $69,063 $467,981
2024 $9,003 $528,735 $69,063 $459,672
2023 $9,003 $534,206 $69,063 $465,143
2022 $4,248 $245,759 $53,125 $192,634
2021 $3,439 $189,673 $53,125 $136,548
2020 $2,955 $159,255 $53,125 $106,130
2019 $2,808 $149,779 $53,125 $96,654
2018 $2,657 $142,254 $53,125 $89,129
2017 $2,389 $119,193 $0 $0
2016 $2,489 $124,880 $0 $0
2015 $2,374 $114,580 $0 $0
2014 $2,085 $105,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Rennick

    Seller's Agent in 2022

    Steve Rennick

    Rennick Real Estate

    (772) 539-7200

    38 in this area

    304 Total Sales

    Steve Rennick
    Section Image

  • S

    Buyer's Agent in 2022

    Shawn Venazio

    Dale Sorensen Real Estate Inc.

    (772) 633-5730

    3 in this area

    48 Total Sales

    Shawn Venazio
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 248347

APN: 33-39-02-00001-0200-00013.0

Florida Indian River County Vero Beach 32960 Central Vero Beach

2356 16th Ave, Vero Beach, FL

Not Listed for Sale

MultiFamily

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