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1896 40th Avenue, Vero Beach FL 32960

Commercial Recently Sold
$1,339,000

BTC: 20.85669782

ETH: 703.75898751

Sold on: 2022-12-05
15 days
0 room(s)

Overview

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.

Location

Florida • Vero Beach • 32960 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
Common
Year Built:
1972
Lot:
0.30 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Highlights

Annual tax
$6,024
2021
Parking
16 spaces
All facts and features

  • Parking

    • Common

    Lot

    • Lot: 0.30 Acres

    Other Property Information

    • Parcel Number: 333903000260080000010

    • Zoning: RCLO

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $6,024

  • Source details

    • MLS ID: F10352876

    Other facts

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
32960
73
median $315K
Active
Same city
Vero Beach
681
median $399K
Active
Same type
Commercial
46
median $637K
Active
Similar price
$315K – $585K
243
median $419K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Inkwell LLC