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

Sale Details

Date 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

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
Jun 11, 2024
Closed on
Jul 31, 2024
Sold by
Bought by
Seller's Agent
Thomas 'TP' Kennedy
Alex MacWilliam, Inc.
Buyer's Agent
Dan Rusu
LOKATION
List Price
$399,000
Sold Price
$304,000
Premium/Discount to List
-$95,000
-23.81%
Views
7

Purchase Details

Closed on
May 18, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
0.0359%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 2009
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,100
Interest Rate
0.0837%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$607,000 None Listed On Document
$257,500 Attorney
$51,900 Pelican Title Vero Beach Inc
$60,000 Pelican Title Vero Beach Inc
-- Pelican Title Vero Beach Inc
$183,000 Treasure Coast Title Agency
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 $206,000
Previous Owner $128,100
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
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

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 $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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 279042

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

Your Personal Tour Guide

Ask me questions while you tour the home.