Four-Unit Income Property with Duplex
1135 17th Place Vero Beach, FL 32960
1135 17th Place, Vero Beach, FL, 32960
Contact for pricing
For Sale
Contact for pricing
Four fully occupied units with separate electric meters and newer rear duplex construction, offering straightforward renovation-based upside.
Property Size1,595 SF
Price / SF$435.74
Days on Market98
Property Features for 1135 17th Place
General Information
- Standard status
- Active
- Size
- 1,595 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing Agency
EXP Realty LLC
(772) 913-4844
Listed by
Katie Holmes · License #3530743
Source
Crexi
Added: Apr 13 Checked: Jul 19 at 6:49 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
Investment Insights
Based on property information with market context.
This four-unit income property is configured as two duplex buildings, with the rear duplex described as newer construction and the front duplex positioned as a value-add opportunity. The front portion is noted as potentially needing roof and interior updates, while the overall setup includes separate electric meters and city water/sewer service. The property is fully occupied, and a portion of the rental income is supported by housing assistance programs.
The asset is located in downtown Vero Beach. The property is currently used as multifamily, but the industrial zoning is described as allowing flexibility, with the present multifamily use legally non-conforming. Showings are available only after an accepted contract, and a deal sheet is available for qualified buyers.
For buyers or operators evaluating small residential income opportunities, the newer rear construction provides one portion of the building with a more recent profile, while the front building’s indicated maintenance needs and the mention of potential 2BR conversion work point to renovation options within the existing duplex layout. With consistent occupancy and a strong rental history described as steady income, the property may appeal to investors seeking immediate cash flow supported by tenant rent programs alongside targeted improvements in the front structure.
The asset is located in downtown Vero Beach. The property is currently used as multifamily, but the industrial zoning is described as allowing flexibility, with the present multifamily use legally non-conforming. Showings are available only after an accepted contract, and a deal sheet is available for qualified buyers.
For buyers or operators evaluating small residential income opportunities, the newer rear construction provides one portion of the building with a more recent profile, while the front building’s indicated maintenance needs and the mention of potential 2BR conversion work point to renovation options within the existing duplex layout. With consistent occupancy and a strong rental history described as steady income, the property may appeal to investors seeking immediate cash flow supported by tenant rent programs alongside targeted improvements in the front structure.
Key Highlights
- 4‑unit income property in downtown Vero Beach, fully occupied
- Generates about $5,995/month (~$71,940/year) at approximately 8% cap rate
- Rear duplex is newer construction with 2 units; front duplex has 2 units with potential 2BR conversion
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully occupied units with separate electric meters and newer rear duplex construction, offering straightforward renovation-based upside.
Where is this quadplex located?
The property is located at 1135 17th Place Vero Beach, FL.
What is the asking price?
The asking price for this property is $694,999.
What are key features of this property?
This property features: 4‑unit income property in downtown Vero Beach, fully occupied; Generates about $5,995/month (~$71,940/year) at approximately 8% cap rate; Rear duplex is newer construction with 2 units; front duplex has 2 units with potential 2BR conversion
