401 18th St - Apartments FOR SALE


Vero Beach, FL 32960
$11,950,000 USD
772-532-0449
401 18th St, Vero Beach, FL for Sale
$11,950,000 USD
Apartments - FOR SALE
1/35
null | 4.73% Cap Rate

401 18th St
Vero Beach, FL 32960


HIGHLIGHTS

  • CBS with metal roofs, quality finishes include marble flooring, granite kitchen counters. 27 1 & 2 story units; 10 3 br. 2 ba., 17 2 br. 2 ba.
  • Built between 2022 & 2025. LOCATION!!! Just off the 17th Street causeway to beach. Close to grocery, shopping district on US 1
  • NDA required to access property financials.

OVERVIEW

This premier income-producing asset offers exceptional opportunity for investors seeking stability and long-term growth in Vero Beach’s thriving rental market. Built between 2022 and 2025, the 27-unit complex pairs contemporary architecture with low-maintenance durability, featuring reinforced concrete block construction, metal roofing, and fire sprinkler safety systems. Each unit boasts high-end finishes including marble flooring, granite countertops, and refined stucco exteriors designed to attract and retain discerning tenants. Positioned just off 17th Street and minutes from US-1, the property is strategically located for easy access to the South Causeway and Vero’s most desirable beaches, parks, and retail destinations. Fully leased with strong income performance, this offering represents an outstanding chance to acquire a turnkey asset in a high-demand coastal market with limited new supply. Operational benefits include centralized heating and cooling, insulated systems, and robust zoning for multi-family configuration. The 3.1-acre parcel provides ample parking with garage options and supports seamless property management. Investors will appreciate the stability, consistent cash flow, and geographic advantage within one of Florida’s fastest-growing lifestyle destinations.

FOR SALE DETAILS

PRICE

$11,950,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

27

PRICE/UNIT

$442,593

CAP RATE

4.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victoria Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

Multi

APN/PARCEL ID

33-39-01-00027-0020-00001.0

ASK ABOUT THIS PROPERTY

Michael ThorpeONE Sotheby's International RealtyMore Info
772-532-0449

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Michael ThorpeONE Sotheby's International RealtyMore Info
772-532-0449

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