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    5730 59Th Ave Vero Beach, FL 32967

    For Sale
    $439,000

    Brand new, 8% CAP rate, turnkey property.

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multifamily property, located at 5730 59th Ave, Vero Beach, FL 32967, presents a compelling investment opportunity. Boasting 1,800 square feet of living space, this newly constructed (2024) building offers a modern European design and elevated hurricane-proof architecture. The property sits on a double lot, eliminating HOA fees and restrictions, and providing significant potential for future expansion or development. Its energy-efficient construction ensures low maintenance and worry-free rental income generation, making it ideal for both Airbnb and annual leasing strategies. Situated in a desirable no-flood zone, this turnkey property is covered by a warranty, minimizing risk for the investor. Enjoy convenient access to a wealth of amenities, including proximity to the beach (15 minutes), shopping and dining (5 minutes), and I-95 (8 minutes). The property's 8% capitalization rate makes it an attractive investment, particularly for those seeking a 1031 exchange opportunity. This is a rare chance to acquire a high-yield, low-maintenance property in a prime Vero Beach location. Maximize your return on investment with this exceptional turnkey opportunity. The property is located in Indian River County.

    Property Features for 5730 59Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,800 SF

    Building Details

    Year Built
    2024

    HighLights

    • $439,000 asking price.
    • Multifamily property, 1,800 square feet.
    • New construction (2024).
    • Located at 5730 59th Ave, Vero Beach, FL 32967.
    • 8% Cap Rate.
    • Double lot, no HOA, no restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Wholesale Shop Hotel & Motel Department Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.447525
    Latitude
    27.697788

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 8% CAP rate, turnkey property.
    Where is this multifamily property located?
    The property is located at 5730 59Th Ave Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: $439,000 asking price.; Multifamily property, 1,800 square feet.; New construction (2024).
    Request Owner's contact information
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    Vero Beach, FL 32967
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5730 59Th Ave Vero Beach, FL 32967
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