About this home
4-unit income property in downtown Vero Beach generating ~$5,995/month (~$71,940/year) at ~8% cap. Rear duplex is newer construction (2 units) and front duplex (2 units) offers value-add potential including 2BR conversion. City water/sewer, separate electric meters. Industrial zoning allows flexibility; current multifamily use is legally non-conforming. Front building may need roof and interior updates. Fully occupied. Showings after accepted contract. Deal sheet available. Strong rental history with consistent income. Portion of rents supported by housing assistance programs.
Listing last checked: Listing updated:
Listed by Katie Holmes · EXP Realty LLC · MLS #B26014940
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Details at a glance
Interior3 property facts
- Heating
- Electric
- Cooling
- Ceiling Fan(s), Ductless, Electric
- Flooring
- Tile
Building4 property facts
- Style
- Quadruplex
- Year built
- 1940
- Parking
- 4
- Roof
- Metal
Land & utilities4 property facts
- Lot size
- 0.14 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- M
Financial2 property facts
- Annual taxes
- $5,037
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $674,999 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,833 / monthAdjust
- Principal & interest
- $3,413
- Property tax
- $420
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,037. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 1135 17th Place
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