NOT LISTED FOR SALE
2 Beds
2 Baths
1,740 Sq Ft
9,583 Sq Ft Lot

Last Sold July 31, 2024

Last sale price $304,000 $175 Per Sq Ft

48 Days on Market

Highlights

  • Lake Front
  • Covered Patio or Porch
  • Laundry closet
  • Home fronts a pond
  • Additional Land
  • Tile Flooring

About This Home

As of July 2024

Prime duplex investment opportunity in central Vero Beach! Situated close to shopping, schools, bus stop, this well-maintained property features durable concrete block & 2018 metal roofs. Each unit offers 2 bedrooms, 1 bath, in-unit laundry closet. Currently rented at $1,300 & $1,600, the rents are below market value, presenting significant rental growth potential for the new owner. Whether you're looking to purchase a single duplex or all three for your portfolio, this opportunity provides flexibility & promising returns. Don't miss out on this fantastic investment in a sought-after location.

Last Agent to Sell the Property

Thomas 'TP' Kennedy

Alex MacWilliam, Inc. Brokerage Phone: 772-231-6509 License #3377487 Listed on: 06/11/2024

Last Buyer's Agent

Dan Rusu

LOKATION License #3555534

LOKATION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1957

Lot Details

  • 9,583 Sq Ft Lot
  • Home fronts a pond
  • Lake Front
  • Additional Land

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,740 Sq Ft Home
  • 1-Story Property
  • Utility Room
  • Laundry closet

Flooring

  • Tile
  • Terrazzo

Parking

  • 2 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection, water
  • The owner pays for grounds care, taxes
  • Tax Lot 3
  • Assessor Parcel Number 33390300026006000003.0

Community Details

Overview

  • Watson Property Mgmt Association
  • Sunnyside Park Subdivision

Building Details

  • 2 Separate Electric Meters
  • Gross Income $34,800
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,309

Year Built

Built in 1957

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: .22
  • Road Surface Type: Paved
  • Subdivision Name: Sunnyside Park
  • Directions: route 60 to 42nd ave. south
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1957
  • Attribution Contact: 772-231-6509
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Residential
  • Owner Pays: Grounds Care, Taxes
  • Fireplace: No
  • Flooring: Terrazzo, Tile
  • Interior Amenities: Primary Downstairs, Utility Room
  • Living Area: 1740.0
  • Stories: 1
  • Window Features: None, Single Hung

Exterior Features

  • Lot Features: Additional Land Available, < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: Lake, Pond
  • Waterfront: Yes
  • Construction Type: Block, Concrete
  • Exterior Features: Porch
  • Patio And Porch Features: Covered, Porch
  • Roof: Metal

Garage/Parking

  • Parking Features: Assigned, Off Street
  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: Watson Property Mgmt

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Current Use: Residential
  • Parcel #: 33390300026006000003.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection, Water

Multi Family

  • Annual Gross Income: 34800.0
  • Property Net Operating Income: 34800.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 2309.0
  • Tax Lot: 3
  • Tax Year: 2023
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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
07/31/2024 07/31/24 Sold $304,000 -23.8% $175 / Sq Ft
06/12/2024 06/12/24 For Sale $399,000 0.0% $229 / Sq Ft
08/01/2023 08/01/23 Rented $1,600 0.0% --
07/24/2023 07/24/23 Under Contract -- -- --
06/09/2023 06/09/23 For Rent $1,600 +68.4% --
06/10/2019 06/10/19 For Rent $950 0.0% --
06/10/2019 06/10/19 Rented $950 +11.8% --
06/15/2018 06/15/18 Rented $850 -5.6% --
05/16/2018 05/16/18 Under Contract -- -- --
04/16/2018 04/16/18 For Rent $900 -- --
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 $4,687 $270,758 $44,801 $225,957
2024 $2,309 $228,176 $44,801 $183,375
2023 $2,309 $114,778 $0 $0
2022 $2,094 $141,116 $16,291 $124,825
2021 $1,850 $114,111 $16,291 $97,820
2020 $1,632 $91,794 $16,291 $75,503
2019 $1,519 $81,421 $16,291 $65,130
2018 $1,409 $73,110 $16,291 $56,819
2017 $1,293 $64,788 $0 $0
2016 $1,236 $61,460 $0 $0
2015 $1,101 $51,990 $0 $0
2014 -- $47,820 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 279042

APN: 33-39-03-00026-0060-00003.0

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