1896 40th Avenue, Vero Beach, FL 32960

Description of 1896 40th Avenue, Vero Beach, FL 32960

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.

Property Details for 1896 40th Avenue, Vero Beach, FL 32960

Parking Features

Common

Pool Private

No

Year Built Details

Resale

Building Information for 1896 40th Avenue, Vero Beach, FL 32960

Building Name

8 UNIT MULTI FAMILY

Building Area Total

11750

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Property Information for 1896 40th Avenue, Vero Beach, FL 32960

Lot Size Square Feet

12,959

Waterfront

No

View

No

Roof

Comp Shingle Roof, Composition Roll, Shingle

Sewer

Public Sewer, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 1896 40th Avenue, Vero Beach, FL 32960

Parcel Number

333903000260080000010

Tax Annual Amount

$6,024

Tax Year

2,021

Tax Legal Description

SUNNYSIDE PARK SUB PBI 1-7 LOT 1 BLK 8 & INC S 1/2 OF ABND 19TH ST ABUTTING SAID LOT 1 AS PER CITY OF VERO BCH, OR BK 737 PP 799, ORD #86-1

Zoning

RCLO

County Or Parish

Indian River County

Location