1150 Old Dixie Highway Vero Beach FL 32960 | MLS RX-10793658

1150 Old Dixie Highway
Vero Beach, FL, 32960
$400,000
Beds
Baths
2,586 SqFt
0.29 Acres
This is the Best Deal in Town! Over 1/4 Acre of Commercial Heavy Land with Cash-flowing Rental Units Centrally located in Vero Beach. This multifamily property consists of two buildings on one .29 Acre Parcel. Collect the income while you plan to build your commercial building. The front building consists of three units: (2) 1bedroom units downstairs & (1) 2bedroom unit upstairs. The back building consists of (2) 1bedroom units. Each Building has one electric meter. The landlord currently pays for utilities & the property is self-managed. Current Rents are below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new HVAC. Gross Operating Income is Approximately $44,400 Annually. Perfect Purchase for Cashflow with Value Add Potential.

Property Details

Price:
$400,000
MLS #:
RX-10793658
Status:
Active
Address:
1150 Old Dixie Highway
Type:
Residential Income
City:
Vero Beach
Listed Date:
Apr 21, 2022 (289 days)
State:
FL
Square Ft (approx):
2,586
ZIP:
32960
Subdivision:
GABLERS SUBDIVISION
Lot Size:
12,677 sqft / 0.29 acres (approx)
Year Built:
1910

Schools

Interior

Cooling
Ceiling Fan, Wall- Win A/ C
Flooring
Laminate
Heating
Window/ Wall

Exterior

Construction
Frame, Mixed, Woodside
Development Name
Malaluka Gardens & Vicinity
Exterior Features
None
Garage Spaces
0.00
Homeowners Assoc
None
Lot Description
1/4 to 1/2 Acre, Paved Road, West of U S-1
Roof
Comp Shingle
Waterfront Details
None

Financial

H O A Fee
$0
Taxes
$0
Utilities
Electric, Public Water, Septic

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