4437 31st Avenue, Unit 1

Vero Beach, FL 32967

$545,000
Price
Beds
2,600 Sq. Ft.
$210 / Sq. Ft.
2,600
Sq. Ft.
$210
per Sq. Ft.

Description

Prime Investment Opportunity: Quadplex w/ Impressive Cash Flow Near the Beach! This exceptional investment property sits tucked away in privacy + consists of 2 building each w/ 2 fully remodeled top-to-bottom 2/1 units. 4 fully occupied units - all new finishes in 2022: new roofs, 4 A/Cs, water heaters, appliances, tile + impact windows. W/D hookup in each unit; separate electric meters. Centrally located close to medical facilities, shopping + dining. Reliable, steady income; ideal addition for...Prime Investment Opportunity: Quadplex w/ Impressive Cash Flow Near the Beach! This exceptional investment property sits tucked away in privacy + consists of 2 building each w/ 2 fully remodeled top-to-bottom 2/1 units. 4 fully occupied units - all new finishes in 2022: new roofs, 4 A/Cs, water heaters, appliances, tile + impact windows. W/D hookup in each unit; separate electric meters. Centrally located close to medical facilities, shopping + dining. Reliable, steady income; ideal addition for any real estate portfolio offering long-term stability + immediate returns yielding a 9.7% cap rate.
  1. Listed by Hollie M Billero Buldo • Billero & Billero Properties

Property Details for 4437 31st Avenue, Unit 1

Subdivision
Gifford Area West
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 01/06/2025 09:26 PM

Property Details for 4437 31st Avenue, Unit 1

StatusActive
MLS #RX-11049467
Days on Market2
Taxes$2,225 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1964
Lot Size0.51 AC / 22,050 SF
CountyIndian River County

Building Information for 4437 31st Avenue, Unit 1

Stories1Residences-Year Built1964Building Size-Lot Size0.51 AC / 22,050 SF

Property Information for 4437 31st Avenue, Unit 1

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: Gifford Area West
  • Directions: From US1 head West on 45th Street, to South on 31st Avenue. Property on West side of street. Down dirt road/driveway to access.
  • Geo Area: IR21
  • Street Number: 4437
  • Subdivision Complex Bldg: Gifford Area West
  • Municipal Code: Vero Beach
  • State: FL
  • City Postal ID: 32967
  • MLS Area: 6321 - City of Vero Beach (IR)
  • MLS Sub Area: IR21
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
  • Maintenance Fee Incl: None
Property
Lot Information
  • Area: 6321 - City of Vero Beach (IR)
  • HOA Amenities: None
  • Lot Description: 1/2 to < 1 Acre
  • Lot Dimensions: 105.0 ft x 210.0 ft
  • Parcel ID: 32392700000100000009.0
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 2,600
  • Square Ft Source: Tax Rolls
  • Zoning: RM-10
Property and Assessments
  • Legal Desc: SEC 27 TWN 32 RNG 39 BEING THE S HALF OF THE FOLL PARC BEG 70 YARDS S OF THE NE COR OF THE NW QTR OF THE NE QTR FOR A PO
  • Sq Ft Liv Area: 2600.0
  • Legal Description: SEC 27 TWN 32 RNG 39 BEING THE S HALF OF THE FOLL PARC BEG 70 YARDS S OF THE NE COR OF THE NW QTR OF THE NE QTR FOR A PO
Utilities
  • Utilities: Electric, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Concrete Block Construction, Concrete Block With Brick
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Central, Electric
  • Flooring: Ceramic Tile
  • Heating: Central, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $53,000.00
  • Income & Expenses: Annual Total Expense: $13,000.00
  • Income & Expenses: Gross Operating Inc: $66,000.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, W/D Hookup
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Lease Ends: 10-04-2025
  • Unit 1 Info: Monthly Income: 1,350
  • Unit 1 Info: SqFt: 650.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, W/D Hookup
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Lease Ends: 09-30-2025
  • Unit 2 Info: Monthly Income: $1,350
  • Unit 2 Info: SqFt: 650.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, W/D Hookup
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Lease Ends: 04-01-2025
  • Unit 3 Info: Monthly Income: $1,450.00
  • Unit 3 Info: SqFt: 650.0
  • Unit 3 Parking: Open Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, W/D Hookup
  • Unit 4 Info: Bedrooms: 2
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Lease Ends: 06-27-2025
  • Unit 4 Info: Monthly Income: $1,350.00
  • Unit 4 Info: SqFt: 650.0
  • Unit 4 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 4437 31st Avenue, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4437 31st Avenue, Unit 1

Taxable ValueLand$20,617Additions$86,504Total$107,121
Tax Record2023$1,985 ($165 / month)
Home Facts
Total Finished SqFt2,600 SqFtAbove Grade Finished SqFt2,600 SqFtStories1Lot Size22,216 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964ZoningRM-10CountyINDIAN RIVERAPN32-39-27-00000-1000-00009.0

Schools near 4437 31st Avenue, Unit 1

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

Gifford Middle School
Public6 to 8

Vero Beach High School
Public9 to 12

St. Peter's Academy
CharterK to 6

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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4437 31st Avenue, Unit 1 is a multi-family home for sale in Vero Beach, FL 32967. This property was listed for sale on January 6, 2025 by Billero & Billero Properties, it's currently listed at $545,000. It has been on the market for a total of 2 days and was last sold on March 8, 2022. This listing's school district is Indian River. Nearby schools include Dodgertown Elementary School, Gifford Middle School and Vero Beach High School. 4437 31st Avenue, Unit 1 is a 0-bed, 0-bath, 2,600 sqft multi-family home built in 1964.

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 Billero & Billero Properties

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.