NOT LISTED FOR SALE
2 Beds
2 Baths
3,344 Sq Ft
0.54 Acre Lot

Sale Details

Date Sold: January 9, 2025

Last sale price $665,000 $199 Per Sq Ft

38 Days on Market

Highlights

  • 0.54 Acre Lot
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of January 2025

Two duplexes sold together as a fantastic 4 unit investment opportunity. Each unit is a 2 bedroom, 2 bath with separate outdoor spaces and 2 dedicated parking spaces per unit. Current cap rate of 6.4% with an easily achievable 7.8%. Great location and long term rental history - Current rates: Unit 960 - $1,100 month-to-month, Unit 962 - $1,450 lease through Sept 2025, Unit 964 - $1,200 through Mar 2025, Unit 966 - $1,450 through Aug 25. Recent updates include a 2024 A/C in Unit 964, 2024 drain field, tile floors throughout. Photos are of one unit and differ slightly from one unit to the other.

Last Agent to Sell the Property

Ashleigh Lovell

One Sotheby's Int'l Realty Brokerage Phone: 772-538-1098 License #3333446 Listed on: 12/02/2024

One Sotheby's Int'l Realty

Last Buyer's Agent

Ashley Fletcher

Keller Williams Realty of VB License #3241520

Keller Williams Realty of VB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,108

Year Built

  • Built in 1988

Lot Details

  • 23,522 Sq Ft Lot
  • Lot Dimensions are 83x166

Home Design

  • Quadruplex
  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Tile Flooring
  • Fire and Smoke Detector
  • Laundry in unit

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity, water
  • The owner pays for common area maintenance, grounds care, insurance, taxes
  • Tax Lot 24
  • Assessor Parcel Number 33391300013000000024.0

Community Details

Overview

  • Srs Property Partners Llc Association
  • Colonial Heights Subdivision

Building Details

  • 4 Separate Electric Meters
  • Insurance Expense $8,000
  • Maintenance Expense $1,000
  • Operating Expense $18,748
  • Gross Income $62,400
  • Net Operating Income $43,642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,108

Year Built

Built in 1988

Lot Details

0.54 Acres

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.54
  • Lot Size: 83x166
  • Subdivision Name: Colonial Heights
  • Directions: From US1 go West on 8th Street to Old Dixie. Turn right on 6th Place go straight to Duplexes.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1988
  • Attribution Contact: 772-538-1098
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Residential
  • Owner Pays: Common Area Maintenance, Grounds Care, Insurance, Taxes
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Pantry
  • Stories: 1
  • Window Features: Single Hung

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Exterior Features: None
  • Roof: Metal

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: In Unit
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: SRS Property Partners LLC

Lot Info

  • Parcel #: 33391300013000000024.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Air Conditioning, Cable TV, Electricity, Water

Multi Family

  • Annual Gross Income: 62400.0
  • Insurance Expense: 8000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 43642.0
  • Annual Operating Expense: 18748.0
  • Number Of Separate Electric Meters: 4

Tax Info

  • Tax Annual Amount: 7108.0
  • Tax Lot: 24
  • Tax Year: 2024

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
Dec 2, 2024
Closed on
Jan 8, 2025
Sold by
Bought by
Seller's Agent
Ashleigh Lovell
One Sotheby's Int'l Realty
Buyer's Agent
Ashley Fletcher
Keller Williams Realty of VB
List Price
$685,000
Sold Price
$665,000
Premium/Discount to List
-$20,000
-2.92%
Views
8

Purchase Details

Listed on
Feb 8, 2022
Closed on
Aug 17, 2022
Sold by
Bought by
Seller's Agent
Jane Pires
LPT Realty, LLC
Buyer's Agent
Ashleigh Lovell
One Sotheby's Int'l Realty
List Price
$750,000
Sold Price
$550,000
Premium/Discount to List
-$200,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.45%
Original Mortgage
$412,500
Interest Rate
0.053%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2012
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
$693,750
Interest Rate
0.0379%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2010
Sold by
Bought by
Source: Public Records
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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
$665,000 Premier Title
$550,000 Atlantic Coastal Land Title
$925,000 Attorney
-- Attorney
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 $412,500
Previous Owner $693,750
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 Prior Sale
01/09/2025 01/09/25 Sold $665,000 -2.9% $199 / Sq Ft
12/02/2024 12/02/24 For Sale $685,000 +24.5% $205 / Sq Ft
09/09/2022 09/09/22 Sold $550,000 -26.7% $658 / Sq Ft View Prior Sale
08/10/2022 08/10/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $750,000 -- $897 / 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 $7,958 $474,853 $59,981 $414,872
2024 $6,861 $465,162 $59,981 $405,181
2023 $6,861 $460,415 $59,981 $400,434
2022 $3,507 $248,604 $32,989 $215,615
2021 $3,262 $220,447 $32,989 $187,458
2020 $2,924 $186,392 $32,989 $153,403
2019 $2,770 $172,612 $32,989 $139,623
2018 $2,650 $168,235 $32,989 $135,246
2017 $2,527 $162,737 $0 $0
2016 $2,065 $110,670 $0 $0
2015 $2,142 $110,730 $0 $0
2014 $1,898 $101,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 283348

APN: 33-39-13-00013-0000-00024.0

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