1505 Coral Ave - Multi-Family FOR SALE


Vero Beach, FL 32963
$3,390,000 USD
305-282-8255
1505 Coral Ave, Vero Beach, FL for Sale
$3,390,000 USD
Multi-Family - FOR SALE
1/16
null | 6.37% Cap Rate

1505 Coral Ave
Vero Beach, FL 32963


HIGHLIGHTS

  • Situated in an upscale area known for luxury homes and high-net-worth residents.
  • Just walk to the ocean.
  • 2 fully independent units with private patios
  • Perfect for investors, short-term rental operator, or those seeking a live/work arrangement, this property offers unmatched flexibility and long-term.

OVERVIEW

MULTI-FAMILY ZONED (2-9 Units). This income-generating duplex property offers a total of 2 separate living spaces, making it an ideal option for investors, multi-generational living, or coastal house hacking. The first unit features a spacious 3-bedroom, 2-bath, and +1 Den layout. The second unit has been smartly divided into a 3/2 unit, which units Ideal for seasonal rentals, or long-term tenants, giving you multiple income strategies

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,695,000

CAP RATE

6.37%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-1A

APN/PARCEL ID

33-40-05-00012-0070-00007.0

ASK ABOUT THIS PROPERTY

Jenny PalaciosThe Keyes CompanyMore Info
305-282-8255

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Jenny PalaciosThe Keyes CompanyMore Info
305-282-8255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.