Concrete Block Duplex-Conversion
4576 30TH Avenue Vero Beach, FL 32967
New
4576 30TH Avenue, Vero Beach, FL, 32967
$245,000
For Sale
$245,000
Newer concrete block property on a double lot with impact windows and a metal roof, plus a long driveway.
Property Size650 SF
Price / SF$376.92
Days on Market2
Property Features for 4576 30TH Avenue
General Information
- Standard status
- Active
- Size
- 650 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2024
Listing Agency
EXP Realty LLC
(772) 913-4844
Listed by
Katie Holmes · License #276659032
Source
Billeroproperties
Added: Jul 18 Checked: Jul 19 at 2:20 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 2024 concrete block property is designed with a flexible layout that may allow for future duplex conversion. Exterior improvements include smooth stucco, gutters, impact windows and doors, and a metal roof. Interior features include tile flooring, and the home sits on a double lot with a large backyard. A long driveway provides off-street parking.
The property is tenant-occupied, and showings require proof of funds or pre-approval.
The property is tenant-occupied, and showings require proof of funds or pre-approval.
Key Highlights
- 2024 concrete block property on a double lot with a huge backyard
- Impact windows and impact doors
- Metal roof and smooth stucco exterior with gutters
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 | $11.3k | $17.40 |
| − Vacancy | −$588 | −$0.90 |
| EGI | $10.7k | $16.50 |
| − OpEx | −$3.2k | −$4.95 |
| NOI | $7.5k | $11.55 |
650 SF · lease $17.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$107.2K
$93.8K – $125.1K
NOI $7,505 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$99.0K
$86.6K – $115.5K
NOI $6,928 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$142.5K
$124.7K – $166.3K
NOI $9,978 @ 7.0% cap · market cap 4.07%
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 - Newer concrete block property on a double lot with impact windows and a metal roof, plus a long driveway.
Where is this duplex located?
The property is located at 4576 30TH Avenue Vero Beach, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2024 concrete block property on a double lot with a huge backyard; Impact windows and impact doors; Metal roof and smooth stucco exterior with gutters
