NOT LISTED FOR SALE

Vero Beach, FL 32960

Central Vero Beach Neighborhood
6 Beds
6 Baths
4,000 Sq Ft
0.34 Acres

Last Sold October 30, 2015

Last sale price $275,000 $69 Per Sq Ft

8 Days on Market

Highlights

  • Cooling Available
  • Combination Dining and Living Room
  • Heating Available
  • Tile Flooring

About This Home

As of October 2015

CASH COW.....Perfectly located in the city limits of Vero Beach this property is a true CASH COW. Current return when fully occupied is 8%. The property is on 1/3 of an acre and has a coin operated laundry offering some monthly pocket change. Perfect for the hands on investor. You may drive by but do not enter the property without an appointment.

Last Agent to Sell the Property

Mary Lou Ciambriello

RE/MAX Crown Realty License #3048618 Listed on: 09/21/2015

RE/MAX Crown Realty

Last Buyer's Agent

Toni Adams

Peters and Company LLC License #0672141

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,346

Year Built

  • Built in 1974

Lot Details

  • 0.34

Home Design

  • Frame Construction

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for common area maintenance, grounds care, insurance, janitorial service, taxes
  • Tax Lot 9
  • Assessor Parcel Number 33390200016003000009.0

Community Details

Overview

  • Osceola Park Homesit Subdivision

Building Details

  • 7 Separate Electric Meters
  • Insurance Expense $4,400
  • Maintenance Expense $2,700
  • Operating Expense $12,400
  • Gross Income $40,500
  • Net Operating Income $28,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,346

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: .34
  • Road Surface Type: Paved
  • Subdivision Name: Osceola Park Homesit
  • Directions: Located just off Route 60 on the south side. Take 60 to 23 Avenue....property is on the east side.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1974
  • Attribution Contact: 772-589-7777
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Mixed Use
  • Owner Pays: Common Area Maintenance, Grounds Care, Insurance, Janitorial Service, Taxes
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Living/Dining Room
  • Living Area: 4000.0
  • Stories: 2
  • Window Features: None, Single Hung

Exterior Features

  • Lot Features: 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

  • Carport Spaces: 1.0
  • Parking Features: Assigned, Carport, One Space
  • Total Parking Spaces: 10.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2900.0

Condo/Co-op/Association

  • Community Features: None

Lot Info

  • Parcel #: 33390200016003000009.0
  • Zoning Description: Multiple
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Other

Multi Family

  • Annual Gross Income: 40500.0
  • Insurance Expense: 4400.0
  • Maintenance Expense: 2700.0
  • Property Net Operating Income: 28100.0
  • Annual Operating Expense: 12400.0
  • Number Of Separate Electric Meters: 7

Tax Info

  • Tax Annual Amount: 2346.0
  • Tax Lot: 9
  • Tax Year: 2014
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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
10/30/2015 10/30/15 Sold $275,000 -15.4% $69 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $325,000 -- $81 / Sq Ft
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 $10,765 $614,360 $146,625 $467,735
2024 $9,264 $583,864 $127,500 $456,364
2023 $9,264 $526,512 $0 $0
2022 $8,151 $478,647 $95,625 $383,022
2021 $3,992 $257,265 $63,750 $193,515
2020 $3,468 $199,743 $38,250 $161,493
2019 $3,055 $150,393 $38,250 $112,143
2018 $3,925 $200,362 $38,250 $162,112
2017 $3,650 $183,231 $0 $0
2016 $3,653 $183,190 $0 $0
2015 $2,705 $124,520 $0 $0
2014 $2,346 $113,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Lou Ciambriello

    Seller's Agent in 2015

    Mary Lou Ciambriello

    RE/MAX

    (561) 305-7139

    4 in this area

    71 Total Sales

    Mary Lou Ciambriello
    Section Image

  • T

    Buyer's Agent in 2015

    Toni Adams

    Peters and Company LLC

    (772) 538-2646

    1 in this area

    2 Total Sales

    Toni Adams
    Section Image
See All Agents

Source: REALTORS® Association of Indian River County

MLS Number: 162725

APN: 33-39-02-00016-0030-00009.0

Florida Indian River County Vero Beach 32960

Central Vero Beach

Not Listed for Sale

MultiFamily

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