House in front (3 units), Duplex in back (2 units). All units are currently occupied by stable tenants on month-to-month leases. Excellent income but property needs exterior repairs, although interiors are in better condition. Plumbing and electrical also need to be updated. Roofs are 2013, 2024.This property is CASH ONLY and sold AS-IS. Please do not disturb tenants. Interior viewing only scheduled with written offer. Owner illness has resulted in upkeep oversight and also necessitates sale. Excellent income immediately. The price reflects the need for investment in repairs.
Property Features
Heating and Cooling
- Cooling Features: CentralAir, ThreeOrMoreUnits
- Heating Features: Central
- Heating: Yes
Interior Features
- Flooring: Laminate
- Window Features: CasementWindows
Exterior and Lot Features
- Shed
- Other Structures: Sheds
- Road Surface Type: Paved
Land Info
- Lot Description: QuarterToHalfAcreLot
- Lot Size Dimensions: .29
Garage and Parking
Rental Info
- Gross Income: 58500
- Tenant Pays: CableTv
Amenities and Community Features
- Community Features: Sidewalks
Other Property Info
- Annual Tax Amount: 3395
- Source Listing Status: Active
- County: Indian River
- Directions: From 12th St., go south on Old Dixie Highway. House & Duplex will be almost immediately on east side of Old Dixie, next to convenience store and Grill Place.
- Tax Year: 2023
- Source Property Type: ResidentialIncome
- Possible Use: MixedUse
- Insurance Expense: 700
- Area: County Southeast
- List Development Name: MALALUKA GARDENS
- Source Neighborhood: Malaluka Gardens
- Number of Separate Electric Meters: 2
- Owner Pays: Electricity, TrashCollection, Water
- Parcel Number: 33391200009000000006.0
- Postal City: Vero Beach
- Subdivision: Malaluka Gardens
- Zoning: ,
- Zoning Description: Commercial, Multiple
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 46367
- Operating Expense: 12133
Building and Construction
- Year Built: 1910
- Construction Materials: Frame
- Levels: Two
- Property Age: 115
- Roof: RolledHotMop, Shingle
- Levels or Stories: 2
- Building Total Stories: 2
Utilities
- Sewer: SepticTank
- Water Source: Public