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1896 40th Ave.

Vero Beach, FL 32960
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • ID#: F10352876
Under Contract
UPDATED: 62 min ago
$450,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972

School Ratings & Info

Description

List price is starting bid for Auction. VALUE-ADD investment opportunity to acquire a 100% leased 8 UNIT multifamily property. Unit #1 and 4 fully renovated in 2022. Add value with remaining 6 units by increasing rents to market rate or renovate for additional value. See Offering Memorandum for renovation plans and earnings projections. Prime location near Walmart, Target and more national retailers. Exterior painted and parking lot repaved in 2022. SEPARATELY METERED water and electric. Community coin laundry. *Also available, 8 unit multifamily property 1895 40th Ave. directly across the street!* OWNER FINANCING available, see Owner Financing Terms Sheet for Details. AUCTION DATES: 10/31/22 through 11/2/22.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-12-05T12:19:17.31.
www.westpalmhomesearch.com/homes/134065402
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1896 40th Ave. Vero Beach, FL 32960

  • Price: $450,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 62 min ago
  • ID#: F10352876
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1972
Built
Neighborhood:
8 UNIT MULTI FAMILY
County:
Indian River County
Area:
6331 - County Central (Ir)
Property Description
List price is starting bid for Auction. VALUE-ADD investment opportunity to acquire a 100% leased 8 UNIT multifamily property. Unit #1 and 4 fully renovated in 2022. Add value with remaining 6 units by increasing rents to market rate or renovate for additional value. See Offering Memorandum for renovation plans and earnings projections. Prime location near Walmart, Target and more national retailers. Exterior painted and parking lot repaved in 2022. SEPARATELY METERED water and electric. Community coin laundry. *Also available, 8 unit multifamily property 1895 40th Ave. directly across the street!* OWNER FINANCING available, see Owner Financing Terms Sheet for Details. AUCTION DATES: 10/31/22 through 11/2/22.
Exterior Features

Approximate Lot Size 12959 Parking Description Common Parking Parking Spaces 16 Roof Description Comp Shingle Roof Type Of Property Income/Multi-Family Waterfront Property YN No

Interior Features

Sq Ft Total 11750

Property Features

Auction YN Yes Building Name Number 8 UNIT MULTI FAMILY Geographic Area Ir31 Information Available Environment StudyFinancial StatementInvestment AnalysisCopy Of Lease(S)Other Available InformationPhotosRent RollsExisting Survey Possession Information Funding Property Sq Ft 12959 Sewer Description Public Sanitation Short Sale No Tax Amount 6024 Tax Year 2021 Terms Considered CashOwner Financing Water Description Public Water Year Built Description Resale Zoning Information Rclo

Listing provided courtesy of Inkwell Llc: [IDXCONTACTINFORMATION]. Listing information © 2022 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2022 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2022-12-05T12:19:17.31.
 
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Ryan Jennings Group at Keller Williams Realty
12008 South Shore Blvd.
Wellington FL, 33414