NOT LISTED FOR SALE

706 Royal Palm Blvd Vero Beach, FL 32960

9 Beds
9 Baths
5,698 Sq Ft
0.35 Acres

Last Sold July 06, 2016

Last sale price $465,000 $82 Per Sq Ft

96 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • French Doors
  • Beachland Elementary School Rated A-

About This Home

As of July 2016

Highly Sought after location. Tons of Charm, property constructed in 1926, extremely well maintained. The property has 9- 1 bedroom 1 bathroom units with stable tenants and strong income. Do not miss this opportunity, Multi-Family Properties such as this do not come on the market often. All Information supplied is deemed to be accurate, however is not guaranteed.

Last Agent to Sell the Property

Carl Sciara

Dale Sorensen Real Estate Inc. License #0704862 Listed on: 03/01/2016

Dale Sorensen Real Estate Inc.

Last Buyer's Agent

Carl Sciara

Dale Sorensen Real Estate Inc. License #0704862 Listed on: 03/01/2016

Dale Sorensen Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,796

Year Built

  • Built in 1926

Lot Details

  • 0.35 Acre Lot
  • Corner Lot

Parking

  • 9 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 5,698 Sq Ft Home
  • 2-Story Property
  • French Doors

Flooring

  • Wood
  • Carpet

Listing and Financial Details

  • Tenant pays for electricity, janitorial service
  • The owner pays for grounds care, sewer, taxes, trash collection, water
  • Tax Lot 29
  • Assessor Parcel Number 33390100005019000029.0

Community Details

Overview

  • Royal Park Subdivision

Building Details

  • 9 Separate Electric Meters
  • Insurance Expense $6,718
  • Maintenance Expense $6,203
  • Operating Expense $28,044
  • Gross Income $72,558
  • Net Operating Income $44,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,796

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Lot Size: 15246
  • Road Surface Type: Paved
  • Professional Management Expense: 4183.0
  • Subdivision Name: Royal Park
  • Directions: Indian River Blvd to Royal Palm Blvd go west to Property. Property on corner of Royal Palm Blvd and Leon Ave
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1926
  • Attribution Contact: 772-231-4712
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Possible Use: Residential
  • Owner Pays: Grounds Care, Sewer, Taxes, Trash Collection, Water
  • Door Features: French Doors
  • Fireplace: No
  • Flooring: Carpet, Other, Wood
  • Interior Amenities: French Door(s)/Atrium Door(s)
  • Living Area: 5698.0
  • Stories: 2

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: None
  • Roof: Other

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: None
  • Cooling: Other
  • Heating: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 6236.0

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Parcel #: 33390100005019000029.0
  • Zoning Description: Multiple
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Janitorial Service

Multi Family

  • Annual Gross Income: 72558.0
  • Insurance Expense: 6718.0
  • Maintenance Expense: 6203.0
  • Property Net Operating Income: 44514.0
  • Annual Operating Expense: 28044.0
  • Number Of Separate Electric Meters: 9

Tax Info

  • Tax Annual Amount: 4796.0
  • Tax Lot: 29
  • Tax Year: 2015

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
07/06/2016 07/06/16 Sold $465,000 -7.0% $82 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $500,000 -- $88 / Sq Ft
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carl Sciara

    Seller's Agent in 2016

    Carl Sciara

    Dale Sorensen Real Estate Inc.

    (772) 231-6144

    4 in this area

    8 Total Sales

    Carl Sciara
    Section Image
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Map

Source: REALTORS® Association of Indian River County

MLS Number: 167870

APN: 33-39-01-00005-0190-00029.0

Florida Indian River County Vero Beach 32960

706 Royal Palm Blvd, Vero Beach, FL

This home is located at 706 Royal Palm Blvd, Vero Beach, FL 32960 since 01 March 2016. This property was built in 1926. 706 Royal Palm Blvd is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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