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1150 Old Dixie Highway

Vero Beach, FL 32960
  • $475,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 282970
UPDATED: 229 min ago
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

5 units in 2 buildings, incredibly priced at less than $100k per unit! 4 of the units are currently occupied by stable tenants on month-to-month leases. Recently vacated unit is ready to rent and is being used as "model" unit for selling purposes. Property needs exterior repairs, plumbing and electrical could be updated, roofs are 2013. In desirable location in walking distance to Publix and other stores. Property is also ZONED COMMERCIAL for someone wanting to go that route now or in the future. Owner illness has resulted in upkeep oversight and necessitates sale. Do not disturb tenants.

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© 2025 REALTORS® Association of Indian River County, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kelly Fischer Team at ONE Sotheby's International Realty. Data last updated: 2025-02-13T23:37:26.213.
www.kellyfischerteam.com/homes/157945978
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1150 Old Dixie Highway Vero Beach, FL 32960

  • Price: $475,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 229 min ago
  • MLS #: 282970
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1910
Built
Neighborhood:
Malaluka Gardens
County:
Indian River
Area:
City Vero Beach
Property Description
5 units in 2 buildings, incredibly priced at less than $100k per unit! 4 of the units are currently occupied by stable tenants on month-to-month leases. Recently vacated unit is ready to rent and is being used as "model" unit for selling purposes. Property needs exterior repairs, plumbing and electrical could be updated, roofs are 2013. In desirable location in walking distance to Publix and other stores. Property is also ZONED COMMERCIAL for someone wanting to go that route now or in the future. Owner illness has resulted in upkeep oversight and necessitates sale. Do not disturb tenants.
Exterior Features

Construction Materials Frame Exterior Features Shed Levels Two Lot Features 1 /4 to 1 /2 Acre Lot Parking Features None Parking Total 6 Road Surface Type Paved Roof Rolled / Hot Mop Shingle Waterfront Features None Waterfront YN No

Interior Features

Cooling Central Air3+ Units Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Laminate Heating Central Heating YN Yes Laundry Features None Window Features Casement Window(s)

Property Features

Community Features Sidewalks Gross Income 59100 Insurance Expense 700 Listing Terms Cash Lot Size Dimensions .29 Maintenance Expense 0 Net Operating Income 46967 Operating Expense 12133 Other Structures Shed(s) Pool Features None Possible Use Mixed Use Property Sub Type Apartment Sewer Septic Tank Tax Annual Amount 3395 Tax Lot 6 Tax Year 2023 Tenant Pays Cable TV Utilities Expense 7800 Water Source Public Zoning Zoning Description Commercial Multiple

Listing courtesy of LOKATION: 954-545-5583.


© 2025 REALTORS® Association of Indian River County, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kelly Fischer Team at ONE Sotheby's International Realty. Data last updated: 2025-02-13T23:37:26.213.
 
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Kelly Fischer Team at ONE Sotheby's International Realty
1006 Beachland Blvd
Vero Beach FL, 32963