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

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.