561-558-6363
, Vero Beach, FL for Sale
Multi-Family - FOR SALE
1/6
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Vero Beach Multifamily Portfolio
Vero Beach, FL


HIGHLIGHTS

  • Prime downtown location near beaches, retail, and restaurants
  • Diverse unit mix with value-add upside (studios to 2BRs)
  • Below-market rents with potential for increased NOI
  • Two large finished storage rooms with conversion potential
  • Well-maintained and held by same owner for over 10 years
  • Offered subject to market—buyer sets price and return targets

OVERVIEW

This nine-unit multifamily portfolio, located at 1905 17th Avenue and 1865 18th Avenue in Vero Beach, Florida, represents a compelling investment opportunity with immediate income and long-term upside. Situated just blocks from downtown, the properties are mostly occupied and well-positioned to benefit from rising rental demand, a growing tourism economy, and strategic city improvements. The portfolio is being offered Subject to Market. Additional upside exists through renovations, rent increases, and short-term rental conversions. The Vero Beach area supports strong seasonal and year-round visitor demand, with Airbnb and short-term rental units averaging 57 to 61 percent occupancy and daily rates between $163 and $266, generating up to $35,000 annually per unit. The properties also benefit from ongoing city-led infrastructure upgrades, including sidewalk and drainage improvements along US-1 and expanded marina facilities catering to recreational tourism. Local attractions such as Historic Dodgertown, the Vero Beach Museum of Art, and year-round events like tennis tournaments and seasonal expos further enhance demand for vacation and short-term lodging. Combined with low multifamily vacancy and steady rent growth, these dynamics position the portfolio for durable cash flow and capital appreciation. This is an ideal opportunity for investors seeking stabilized income with optionality to boost returns through repositioning and short-term rental integration in a growing Florida coastal market.

ASK ABOUT THIS PROPERTY

Sean OldSVN | Commercial PartnersMore Info
561-558-6363

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Sean OldSVN | Commercial PartnersMore Info
561-558-6363

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