NOT LISTED FOR SALE
1 Bed
1 Bath
3,088 Sq Ft
0.29 Acre Lot

Sale Details

Date 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

  • 12,632 Sq Ft 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

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
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

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 $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

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 248347

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

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