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. 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.

Carport Spaces 0.00 Construction CBSConcrete Exterior Features None Lot Description 1/2 to < 1 Acre Lot Dimensions 105.0 ft x 210.0 ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Waterfront Description None Waterfront YN No

Cooling CentralElectric Flooring Ceramic Tile Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc A/C UnitElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorW/D Hookup Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 650 Unit2 Bedrooms 2 Unit2 Desc A/C UnitElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorW/D Hookup Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 650 Unit3 Bedrooms 2 Unit3 Desc A/C UnitElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorW/D Hookup Unit3 Full Baths 1 Unit3 Sq Ft 650 Unit4 Bedrooms 2 Unit4 Desc A/C UnitElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorW/D Hookup Unit4 Full Baths 1 Unit4 Sq Ft 650

Annual Net Operating Income 53000.00 Annual Total Expenses 13000.00 Auction No Available Info None Built Desc Resale Development Name Gifford Area West Gated Community No Gross Operating Income 66000.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Quad Plex Possession Funding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Info Sold As-Is Sq Ft Total 2600.00 Subdivision Amenities None Tax Amount 2225.34 Tax Year 2024 Taxes City/CountyNo Homestead Tenant Pays CableElectricSewerWater Terms Considered CashConventional Unit1 Lease Ends 2025-10-04 Unit1 Monthly Income 1350.00 Unit2 Lease Ends 2025-09-30 Unit2 Monthly Income 1350.00 Unit3 Lease Ends 2025-04-01 Unit3 Monthly Income 1450.00 Unit4 Lease Ends 2025-06-27 Unit4 Monthly Income 1350.00 Utilities ElectricPublic Sewer Zoning RM-10

4437 31st Avenue , #1

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4437 31st Avenue , #1 Vero Beach, FL 32967

Property Description

Carport Spaces	0.00
Construction	CBS Concrete
Exterior Features	None
Lot Description	1/2 to < 1 Acre
Lot Dimensions	105.0 ft x 210.0 ft
Private Pool YN	No
Roof	Comp Shingle
Unit1 Parking	Open Parking
Unit2 Parking	Open Parking
Unit3 Parking	Open Parking
Unit4 Parking	Open Parking
Waterfront Description	None
Waterfront YN	No

Cooling	Central Electric
Flooring	Ceramic Tile
Heating	Central Electric
Unit1 Bedrooms	2
Unit1 Desc	A/C Unit Electric Meter Kitchen Microwave Range - Electric Refrigerator W/D Hookup
Unit1 Full Baths	1
Unit1 Furnished	No
Unit1 Sq Ft	650
Unit2 Bedrooms	2
Unit2 Desc	A/C Unit Electric Meter Kitchen Microwave Range - Electric Refrigerator W/D Hookup
Unit2 Full Baths	1
Unit2 Furnished	No
Unit2 Sq Ft	650
Unit3 Bedrooms	2
Unit3 Desc	A/C Unit Electric Meter Kitchen Microwave Range - Electric Refrigerator W/D Hookup
Unit3 Full Baths	1
Unit3 Sq Ft	650
Unit4 Bedrooms	2
Unit4 Desc	A/C Unit Electric Meter Kitchen Microwave Range - Electric Refrigerator W/D Hookup
Unit4 Full Baths	1
Unit4 Sq Ft	650

Annual Net Operating Income	53000.00
Annual Total Expenses	13000.00
Auction	No
Available Info	None
Built Desc	Resale
Development Name	Gifford Area West
Gated Community	No
Gross Operating Income	66000.00
Homeowners Association	None
HOPA	No Hopa
List Office Board Code	Realtor Association of the Palm Beaches (RAPB)
Maintenance Fee Includes	None
Multifamily Type	Quad Plex
Possession	Funding
REO	No
Restrictions	None
Separate Electric Meters	Yes
Separate Water Meters	Yes
Short Sale	No
Short Sale Addendum	No
Short Sale AU	N/A
Source Of Expenses	Other
Special Info	Sold As-Is
Sq Ft Total	2600.00
Subdivision Amenities	None
Tax Amount	2225.34
Tax Year	2024
Taxes	City/County No Homestead
Tenant Pays	Cable Electric Sewer Water
Terms Considered	Cash Conventional
Unit1 Lease Ends	2025-10-04
Unit1 Monthly Income	1350.00
Unit2 Lease Ends	2025-09-30
Unit2 Monthly Income	1350.00
Unit3 Lease Ends	2025-04-01
Unit3 Monthly Income	1450.00
Unit4 Lease Ends	2025-06-27
Unit4 Monthly Income	1350.00
Utilities	Electric Public Sewer
Zoning	RM-10