Main Content
- Property Type Income Properties
- Year Built 1925
- Property Size 0.48
- Building Size 25,670
About this property
FEATURES:
– Vero’s Landmark Mixed-Use Property!
– 23 Residential Units and 10 Commercial Units
– Aggressively Maintained Historic Building.
– Numerous Residential Units Refurbished in the Past Three Years Including HVAC Replacement, Fixture Updates, Kitchen and Restroom Upgrades, Doors, Blinds, Toilets, Tile, Water Heaters etc.
– Plumbing/Re-Piping and Electrical Upgrades Including Full Meter-Room Replacement and Re-Wiring to all Residential Units.
– Building Security System with Video Monitoring!
– Full Coverage Fire Sprinkler System.
BUILDING: 25,670 2-Story Building on .48 Acres
YEAR BUILT: 1925; Renovated 2003
ZONING: (DTW) Downtown District
UTILITIES: City Water, Sewer, FPL
R.E. TAXES: $19,740.39 (2025)
NOI: $307,766.28 (PRO-FORMA = $364,606.56)
CAP RATE: 7% (PRO-FORMA = 8.29%)
SALE PRICE: $4,400,000
About this property
FEATURES:
- Vero’s Landmark Mixed-Use Property!
- 23 Residential Units and 10 Commercial Units
- Aggressively Maintained Historic Building.
- Numerous Residential Units Refurbished in the Past Three Years Including HVAC Replacement, Fixture Updates, Kitchen and Restroom Upgrades, Doors, Blinds, Toilets, Tile, Water Heaters etc.
- Plumbing/Re-Piping and Electrical Upgrades Including Full Meter-Room Replacement and Re-Wiring to all Residential Units.
- Building Security System with Video Monitoring!
- Full Coverage Fire Sprinkler System.
BUILDING: 25,670 2-Story Building on .48 Acres
YEAR BUILT: 1925; Renovated 2003
ZONING: (DTW) Downtown District
UTILITIES: City Water, Sewer, FPL
R.E. TAXES: $19,740.39 (2025)
NOI: $307,766.28 (PRO-FORMA = $364,606.56)
CAP RATE: 7% (PRO-FORMA = 8.29%)
SALE PRICE: $4,400,000
