1150 Old Dixie Highway

Vero Beach, FL 32960

$475,000
Price
6
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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....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.
  1. Listed by Michael R Staller • LOKATION • 954-545-5583

Property Details for 1150 Old Dixie Highway

Subdivision Name
Malaluka Gardens
Waterfront
No
Waterfront Features
None
LISTING UPDATED: 11/16/2024 01:07 PM

Property Details for 1150 Old Dixie Highway

StatusActive
MLS #282970
Days on Market32
Taxes$3,395 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1910
Lot Size-
CountyIndian River County

Building Information for 1150 Old Dixie Highway

Stories2Residences-Year Built1910Building Size-Lot Size-

Property Information for 1150 Old Dixie Highway

Summary
Location and General Information
  • Community Features: Sidewalks
  • Directions: From 12th St., go south on Old Dixie Highway. House & Duplex will be almost immediately on east side of Old Dixie, next to convenience store and Grill Place.
  • Postal City: Vero Beach
  • Zoning: ,
  • Zoning Description: Commercial,Multiple
  • Road Surface Type: Paved
Parking
  • Parking Features: None
  • Parking Total: 6
Taxes and HOA Information
  • Association Name: none
  • Tax Annual Amount: $3,395.00
  • Tax Assessed Value: 177868
  • Tax Legal Description: GABLERS SUB LOT 6 PBI 2-80
  • Tax Lot: 6
  • Tax Year: 2023
Property
Lot Information
  • Lot Features: QuarterToHalfAcreLot
  • Lot Size Dimensions: .29
  • Lot Size Range: 1/4 to 1/2 Acre
  • Lot Size Units: Acres
  • Parcel Number: 33391200009000000006.0
  • Possible Use: MixedUse
Property and Assessments
  • Construction Materials: Frame
  • Development Name: MALALUKA GARDENS
  • Human Modified: Yes
  • Number Of Separate Electric Meters: 2
  • Property Sub Type: Apartment
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1910
  • Property Type: ResidentialIncome
Utilities
  • Cooling: CentralAir, ThreeOrMoreUnits
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: SepticTank
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Shed
  • Pool Features: None
  • Roof: RolledHotMop, Shingle
  • Window Features: CasementWindows
Interior Features
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Laundry Features: None
  • Levels: Two
MultiFamily
Unit 1
  • Unit Type 1: TwoBedroom
  • Unit Type Beds Total 1: 2.0
Unit 2
  • Unit Type 2: OneBedroom
  • Unit Type Beds Total 2: 1.0
Unit 3
  • Unit Type 3: Efficiency
  • Unit Type Description 3: 1bedrm Unit(S),2bedrm Unit(S),Bath In Each Unit,Efficiency Unit(S)
  • Unit Type Beds Total 3: 0.0
Unit 4
  • Unit Type 4: TwoBedroom
  • Unit Type Description 4: 1bedrm Unit(S),2bedrm Unit(S),Bath In Each Unit,Efficiency Unit(S)
  • Unit Type Beds Total 4: 2.0
Unit 5
  • Unit Type 5: OneBedroom
  • Unit Type Description 5: 1bedrm Unit(S),2bedrm Unit(S),Bath In Each Unit,Efficiency Unit(S)
  • Unit Type Beds Total 5: 1.0
Rental Information
Rent Information
  • Tenant Pays: CableTv

Property History for 1150 Old Dixie Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1150 Old Dixie Highway

Taxable ValueLand$53,877Additions$184,120Total$237,997
Tax Record2023$3,395 ($283 / month)
Home Facts
Total Finished SqFt3,374 SqFtAbove Grade Finished SqFt3,374 SqFtStories2Lot Size12,632 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1970ZoningCHCountyINDIAN RIVERAPN33-39-12-00009-0000-00006.0

Schools near 1150 Old Dixie Highway

This home is within Indian River.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Vero Beach Elementary School
PublicPK to 5

Gifford Middle School
Public6 to 8

Vero Beach High School
Public9 to 12

Ir Prep
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1150 Old Dixie Highway is a multi-family home for sale in Vero Beach, FL 32960. This property was listed for sale on November 16, 2024 by LOKATION, it's currently listed at $475,000. It has been on the market for a total of 32 days and was last sold on June 16, 2021. This listing's school district is Indian River. Nearby schools include Vero Beach Elementary School, Gifford Middle School and Vero Beach High School. 1150 Old Dixie Highway is a 6-bed, 0-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LOKATION

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.