9150 44th Avenue, Unit 15

Sebastian, FL 32958

$1,200,000
Price
Beds
2,112 Sq. Ft.
$568 / Sq. Ft.
2,112
Sq. Ft.
$568
per Sq. Ft.

Description

This five-unit riverfront apartment building at 9150 44th Ave, Sebastian, Florida, offers a premier investment on the Treasure Coast. Featuring unobstructed Indian River views, the property includes two 1-bedrooms, two studios, and one 2-bedroom. Built in 1959 with concrete block construction and a 5V crimp metal roof, units have undergone significant upgrades. A newer dock with boat lift adds appeal. Sebastian allows short-term rentals like Airbnb/VRBO, with a projected 6.85% cap rate after full...This five-unit riverfront apartment building at 9150 44th Ave, Sebastian, Florida, offers a premier investment on the Treasure Coast. Featuring unobstructed Indian River views, the property includes two 1-bedrooms, two studios, and one 2-bedroom. Built in 1959 with concrete block construction and a 5V crimp metal roof, units have undergone significant upgrades. A newer dock with boat lift adds appeal. Sebastian allows short-term rentals like Airbnb/VRBO, with a projected 6.85% cap rate after full occupancy. Strong growth potential for long-term appreciation and income.
  1. Listed by John C DiGirolomo • LPT Realty, LLC • 772-713-4204

Property Details for 9150 44th Avenue, Unit 15

Subdivision Name
Other
Waterfront
Yes
Waterfront Features
IntracoastalAccess, RiverFront
View
River
LISTING UPDATED: 09/18/2024 11:15 AM

Property Details for 9150 44th Avenue, Unit 15

StatusActive
MLS #281403
Days on Market3
Taxes$10,329 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1959
Lot Size0.76 AC / 33,105 SF
CountyIndian River County

Building Information for 9150 44th Avenue, Unit 15

Stories1Residences-Year Built1959Building Size-Lot Size0.76 AC / 33,105 SF

Property Information for 9150 44th Avenue, Unit 15

Summary
Location and General Information
  • Community Features: None
  • Directions: From US-1 to right on 510 Causeway and left onto 44th Ave, property on right.
  • Postal City: Sebastian
  • Zoning: ,
  • Zoning Description: Residential
Parking
  • Parking Features: OffStreet
  • Parking Total: 6
Taxes and HOA Information
  • Association Name: N/A
  • Tax Annual Amount: $10,329.00
  • Tax Assessed Value: 604315
  • Tax Legal Description: FR SW COR OF GOV LOT 1 RUN E ALONG S BDRY LINE OF GOV LOT 1 DIST 959.8 FT; TH N 26 DEG 33 MIN W 334.92 FT TO POB: TH N 26 DEG 33 MIN W 223.28 FT; RUN E 200 FT TO IND RIV; RUN SELY ALONG IND RIVER 223. 28 FT TO PT ON W SHORE OF IND RIVER WHICH IS DUE E OF
  • Tax Lot: 1
  • Tax Year: 2023
Property
Lot Information
  • Lot Features: Item12to1AcreLot
  • Lot Size Acres: 0.76
  • Lot Size Area: 0.76
  • Lot Size Dimensions: 33106
  • Lot Size Range: 1/2 to 1 Acre
  • Lot Size Units: Acres
  • Living Area: 2,112.00
  • Parcel Number: 31392800000001000011.0
  • Possible Use: Residential
Property and Assessments
  • Construction Materials: Block, Concrete
  • Development Name: OTHER
  • Human Modified: No
  • Number Of Separate Electric Meters: 5
  • Property Sub Type: Apartment
  • Stories: 1
  • Stories Total: 1
  • Year Built: 1959
  • Property Type: ResidentialIncome
Utilities
  • Cooling: Item2Units
  • Cooling: Yes
  • Heating: MultipleHeatingUnits
  • Heating: Yes
  • Sewer: SepticTank
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Boat Dock Slip Description: Private Dock
  • Exterior Features: None
  • Pool Features: None
  • Roof: Metal
  • View: Yes
Interior Features
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Tile
  • Laundry Features: CommonArea
  • Levels: One
MultiFamily
Unit 1
  • Unit Type 1: Efficiency
  • Unit Type Beds Total 1: 0.0
Unit 2
  • Unit Type 2: Item1Bedroom
  • Unit Type Beds Total 2: 1.0
Unit 3
  • Unit Type 3: Efficiency
  • Unit Type Beds Total 3: 0.0
Unit 4
  • Unit Type 4: Item2Bedroom
  • Unit Type Beds Total 4: 2.0
Unit 5
  • Unit Type 5: Item1Bedroom
  • Unit Type Beds Total 5: 1.0
Rental Information
Rent Information
  • Tenant Pays: CableTV, Electricity, Water

Property History for 9150 44th Avenue, Unit 15

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 9150 44th Avenue, Unit 15

Taxable ValueLand$387,167Additions$57,028Total$444,195
Tax Record2018$7,930 ($661 / month)
Home Facts
Total Finished SqFt2,112 SqFtAbove Grade Finished SqFt2,112 SqFtLot Size33,106 SqFtStyleMulti-Family Res (5+ Units)Year Built1959Year Renovated1970ZoningRM-6CountyINDIAN RIVERAPN313928000000010000110

Schools near 9150 44th Avenue, Unit 15

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

Storm Grove Middle School
Public6 to 8

Sebastian River High School
Public9 to 12

Liberty Magnet School
PublicK to 5

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

9150 44th Avenue, Unit 15 is a multi-family home for sale in Sebastian, FL 32958. This property was listed for sale on September 18, 2024 by LPT Realty, LLC, it's currently listed at $1,200,000. This listing's school district is Indian River. Nearby schools include Pelican Island Elementary School, Storm Grove Middle School and Sebastian River High School. 9150 44th Avenue, Unit 15 is a 0-bed, 0-bath, 2,112 sqft multi-family home built in 1959.

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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of LPT Realty, LLC

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.