$545,000
SOLD APR 4, 2025

4437 31st Ave Vero Beach, FL 32967

Gifford Neighborhood
-- Bed
-- Bath
2,600 Sq Ft
0.51 Acres

Recently Sold

$210 Per Sq Ft

91 Days on Market

Highlights

  • 0.51 Acre Lot
  • Tile Flooring
  • 1-Story Property
  • Vero Beach High School Rated A-
  • Central Heating and Cooling System

About This Home

As of April 2025

Prime Investment Opportunity: Quadplex w/ Impressive Cash Flow Near the Beach! This exceptional investment property sits tucked away in privacy + consists of 2 building each w/ 2 fully remodeled top-to-bottom 2/1 units. 4 fully occupied units - all new finishes in 2022: new roofs, 4 A/Cs, water heaters, appliances + tile. W/D hookup in each unit; separate electric meters. Centrally located close to medical facilities, shopping + dining. Reliable, steady income; ideal addition for any real estate portfolio offering long-term stability + immediate returns yielding a 9.7% cap rate

Last Agent to Sell the Property

HOLLIE BULDO

Billero & Billero Properties Brokerage Phone: 772-633-3203 License #3207925 Listed on: 01/03/2025

Last Buyer's Agent

HOLLIE BULDO

Billero & Billero Properties Brokerage Phone: 772-633-3203 License #3207925 Listed on: 01/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,225

Year Built

  • Built in 1964

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 105x210

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,600 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection, water
  • The owner pays for common area maintenance, insurance, taxes
  • Tax Lot 9
  • Assessor Parcel Number 32392700000100000009.0

Community Details

Overview

  • Private Association
  • Gifford Subdivision

Building Details

  • 4 Separate Electric Meters
  • Maintenance Expense $5,000
  • Operating Expense $13,000
  • Gross Income $66,000
  • Net Operating Income $53,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,225

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.51
  • Lot Size: 105x210
  • Professional Management Expense: 6000.0
  • Subdivision Name: Gifford
  • Directions: From US1 head West on 45th Street, to South on 31st Avenue. Property on West side of street. Down dirt road/driveway to access.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1964
  • Attribution Contact: 772-633-3203
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Mixed Use
  • Owner Pays: Common Area Maintenance, Insurance, Taxes
  • Fireplace: No
  • Flooring: Tile
  • Living Area: 2600.0
  • Stories: 1
  • Window Features: None, Single Hung

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete
  • Exterior Features: None
  • Roof: Shingle

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Individual
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: Private

Lot Info

  • Parcel #: 32392700000100000009.0
  • Zoning Description: Multiple
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Annual Gross Income: 66000.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 53000.0
  • Annual Operating Expense: 13000.0
  • Number Of Separate Electric Meters: 4

Tax Info

  • Tax Annual Amount: 2225.0
  • Tax Lot: 9
  • Tax Year: 2024

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Range of Values:

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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 Change Sq Ft Price
04/04/2025 04/04/25 Sold $545,000 0.0% $210 / Sq Ft
01/03/2025 01/03/25 For Sale $545,000 +98.2% $210 / Sq Ft
03/08/2022 03/08/22 Sold $275,000 -21.2% --
02/06/2022 02/06/22 Pending -- -- --
11/09/2021 11/09/21 For Sale $349,000 -- --
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • HOLLIE BULDO

    Seller's Agent in 2025

    HOLLIE BULDO

    Billero & Billero Properties

    (772) 633-3203

    2 in this area

    100 Total Sales

    HOLLIE BULDO
    Section Image

  • G

    Seller's Agent in 2022

    George Gipson

    Beneduce Realty Inc

    (772) 713-3633

    11 in this area

    21 Total Sales

    George Gipson
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 284074

Florida Indian River County Vero Beach 32967 Gifford

4437 31st Ave, Vero Beach, FL

This home is located at 4437 31st Ave, Vero Beach, FL 32967 and is currently priced at $545,000, approximately $209 per square foot. This property was built in 1964. 4437 31st Ave is a home located in Indian River County with nearby schools including Dodgertown Elementary School, Gifford Middle School, and Vero Beach High School.

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