Description
This is the Best Deal in Town! Over 1/4 Acres of Commercial Heavy Land, with cash-flowing apartments, Centrally located in Vero Beach. Purchase the property and earn income while you make plans to build a commercial building. This multifamily property consists of two buildings on one .29 Acre parcel. 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 Approximately 25% below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new AC. Gross Operating Income is Approximately $44,400 Annually.
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0BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
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2,538SQFT
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$158$/SQFT
School Ratings & Info
Description
This is the Best Deal in Town! Over 1/4 Acres of Commercial Heavy Land, with cash-flowing apartments, Centrally located in Vero Beach. Purchase the property and earn income while you make plans to build a commercial building. This multifamily property consists of two buildings on one .29 Acre parcel. 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 Approximately 25% below market value. Long-Term Tenants Month to Month. The front unit was Recently Renovated and has a new AC. Gross Operating Income is Approximately $44,400 Annually.