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1505 Coral Ave 2 Unit Apartment Building $2,997,000 ($1,498,500/Unit) 5% Cap Rate Vero Beach, FL 32963
Investment Highlights
- Just steps to the beach
- Ideal for investors seeking stable rental yields, long-term appreciation, or redevelopment in one of Florida’s most sought-after coastal locales.
- This concrete block duplex sits on a valuable corner lot
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,997,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $1,498,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5% | Building Size | 10,400 SF |
| No. Units | 2 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1976 |
| Zoning | R-1A - CODE S -MULTI-FAMILY ZONED (2-9 U)DUPLEX MF Zone | ||
| Price | $2,997,000 |
| Price Per Unit | $1,498,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,400 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1976 |
| Zoning | R-1A - CODE S -MULTI-FAMILY ZONED (2-9 U)DUPLEX MF Zone |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Dining Room
- Family Room
- Freezer
- Garden
- Office
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Security System
- Wi-Fi
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,306 |
| 4+2 | 1 | - | 1,793 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 33-40-05-00012-0070-00007.0 | Total Assessment | $1,218,396 |
| Land Assessment | $265,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $953,196 | Tax Year | 2025 |
Property Taxes
Parcel Number
33-40-05-00012-0070-00007.0
Land Assessment
$265,200
Improvements Assessment
$953,196
Total Assessment
$1,218,396
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
1505 Coral Ave