Concrete Block Four-Unit Multifamily
1464 41st Ave Vero Beach, FL 32960
1464 41st Ave, Vero Beach, FL, 32960
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For Sale
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Two duplexes totaling four units, built of concrete block with separate utilities and recent roof and electrical panel upgrades.
Property Size3,878 SF
Price / SF$219.19
Days on Market102
Property Features for 1464 41st Ave
General Information
- Standard status
- Active
- Size
- 3,878 SF
- Property subtype
- Multifamily
Listing agency
LPT Realty
(772) 713-4204
Listed by
John DiGirolomo · License #SL3458838
Source
Crexi
Added: Apr 12 Updated: Jul 20 at 8:16PM Checked: Jul 22 at 5:09PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This offering includes two duplex properties combined into a four-unit multifamily portfolio. Both structures feature concrete block construction with functional unit layouts and separate utilities. Recent capital improvements include a newer metal roof and updated electrical panels.
One unit is currently leased, while the remaining units are delivered vacant or available for lease-up, providing flexible occupancy options for an incoming owner.
The portfolio is positioned for straightforward income generation with a mix of in-place tenancy and units ready to be brought online. It is located in Vero Beach, Florida, with access to shopping, dining, schools, and major transportation corridors.
One unit is currently leased, while the remaining units are delivered vacant or available for lease-up, providing flexible occupancy options for an incoming owner.
The portfolio is positioned for straightforward income generation with a mix of in-place tenancy and units ready to be brought online. It is located in Vero Beach, Florida, with access to shopping, dining, schools, and major transportation corridors.
Key Highlights
- Two duplexes totaling four units in Vero Beach, FL, built of concrete block construction
- Separate utilities across the properties and functional unit layouts
- Recent capital improvements include a newer metal roof and updated electrical panels
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $17.40 |
| − Vacancy | −$3.5k | −$0.90 |
| EGI | $64.0k | $16.50 |
| − OpEx | −$19.2k | −$4.95 |
| NOI | $44.8k | $11.55 |
3,878 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$639.7K
$559.7K – $746.3K
NOI $44,778 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$590.5K
$516.7K – $688.9K
NOI $41,336 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$850.5K
$744.2K – $992.2K
NOI $59,532 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two duplexes totaling four units, built of concrete block with separate utilities and recent roof and electrical panel upgrades.
Where is this duplex located?
The property is located at 1464 41st Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two duplexes totaling four units in Vero Beach, FL, built of concrete block construction; Separate utilities across the properties and functional unit layouts; Recent capital improvements include a newer metal roof and updated electrical panels
