1150 Old Dixie Highway

Vero Beach, FL 32960

$475,000
Price
Beds
3,374 Sq. Ft.
$141 / Sq. Ft.
3,374
Sq. Ft.
$141
per Sq. Ft.

Description

5 units in 2 buildings, 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...5 units in 2 buildings, 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 also necessitates sale. Excellent income immediately, does need investment in repairs. Do not disturb tenants.
  1. Listed by Michael Staller • LoKation

Property Details for 1150 Old Dixie Highway

Waterfront
No
LISTING UPDATED: 11/19/2024 09:30 PM

Property Details for 1150 Old Dixie Highway

StatusActive
MLS #F10472435
Days on Market29
Taxes$3,633 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1910
Lot Size0.00 AC / 0 SF
CountyIndian River County

Building Information for 1150 Old Dixie Highway

Stories-Residences-Year Built1910Building Size-Lot Size0.00 AC / 0 SF

Property Information for 1150 Old Dixie Highway

General Information
General Information
  • Sq Ft Total: 3374
  • Street Number Numeric: 1150
  • Street Number: 1150
  • Street Name: Old Dixie
  • County Or Parish: Indian River County
  • Postal Code: 32960
  • City and Location Text: Vero Beach
  • City Postal ID: 32960
  • Price Per Square Foot: $0
Maintenance / Tax Information
  • Tax Amount: $3,633
  • Tax Year: 2023
Building Information
  • Property Type: Commercial/Industrial
  • Type of Building: Commercial, Free Standing, Other Building Type
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1910
  • Year Built Description: Resale
  • MLS Area: 6311 - Beach City (IR)
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Other Floors, Vinyl Floors
  • Flooring: Other Floors, Vinyl Floors
Exterior
  • Construction Type: Frame Construction
  • Roof Description: Comp Shingle Roof
  • Construction: Frame Construction
  • Roof: Comp Shingle Roof
Waterfront
  • Water Description: Public Water
Parking
  • Parking Description: Common Parking
Utilities
  • Cooling Description: Central Building A/C, Central Individual A/C
  • Heating Description: Central Building A/C, Central Individual A/C
  • Sewer Description: Septic Tank
Property / Lot Information
Building Information
  • Unit Count: 3
  • Num Buildings: 2
  • Num Floors: 2
  • Num Stories: 2
Community Information
  • Association Fee: $0
  • Assoc Fee Paid Per: None
  • Common Area Maint Includes: None
  • Property Management: No
Location Information
  • Area: 6311 - Beach City (IR)
  • Directions: Central Vero Beach location, just west of US 1. From 12th St., go south on Old Dixie Highway. Property will be almost immediately on east side of Old Dixie, next to convenience store and Grill Place. (House is in front and Duplex is behind house).
  • Geographic Area: IR11
  • Location of Property: City Location
  • Parcel Number Free Text: 33391200009000000006.0
  • State: FL
Lot Information
  • Approximate Lot Size: .29
  • Total Acreage: 0
Multi Family Information
Expense Information
  • Insurance Expense: $700
  • Trash Expense: $600
  • Utility Expense: $7,200
  • Source of Expenses: Owner Provided
Income Information
  • Gross Operating Income: $59,100
  • Net Operating Income: $46,967

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 19, 2024 by LoKation, it's currently listed at $475,000. It has been on the market for a total of 29 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 0-bed, 0-bath, 3,374 sqft 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.