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The Pocahontas Building 2101 14th Ave 23 Unit Apartment Building $4,500,000 ($195,652/Unit) 6.84% Cap Rate Vero Beach, FL 32960
Executive Summary
FEATURES:
- Vero’s Landmark Mixed-Use Property!
- 23 Residential Units and 10 Commercial Units
- Aggressively Maintained Historic Building.
- Numerous Residential Units Refurbished in the Past Three Years Including HVAC Replacement, Fixture Updates, Kitchen and Restroom Upgrades, Doors, Blinds, Toilets, Tile, Water Heaters etc.
- Plumbing/Re-Piping and Electrical Upgrades Including Full Meter-Room Replacement and Re-Wiring to all Residential Units.
- Building Security System with Video Monitoring!
- Full Coverage Fire Sprinkler System.
BUILDING: 25,670 2-Story Building on .48 Acres
YEAR BUILT: 1925; Renovated 2003
ZONING: (DTW) Downtown District
UTILITIES: City Water, Sewer, FPL
R.E. TAXES: $19,740.39 (2025)
NOI: $307,766.28 (PRO-FORMA = $364,606.56)
CAP RATE: 6.84% (PRO-FORMA = 8.01%)
SALE PRICE: $4,500,000
- Vero’s Landmark Mixed-Use Property!
- 23 Residential Units and 10 Commercial Units
- Aggressively Maintained Historic Building.
- Numerous Residential Units Refurbished in the Past Three Years Including HVAC Replacement, Fixture Updates, Kitchen and Restroom Upgrades, Doors, Blinds, Toilets, Tile, Water Heaters etc.
- Plumbing/Re-Piping and Electrical Upgrades Including Full Meter-Room Replacement and Re-Wiring to all Residential Units.
- Building Security System with Video Monitoring!
- Full Coverage Fire Sprinkler System.
BUILDING: 25,670 2-Story Building on .48 Acres
YEAR BUILT: 1925; Renovated 2003
ZONING: (DTW) Downtown District
UTILITIES: City Water, Sewer, FPL
R.E. TAXES: $19,740.39 (2025)
NOI: $307,766.28 (PRO-FORMA = $364,606.56)
CAP RATE: 6.84% (PRO-FORMA = 8.01%)
SALE PRICE: $4,500,000
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | - |
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 33-39-02-00001-0350-00010.0 | Improvements Assessment | $818,729 |
| Land Assessment | $125,888 | Total Assessment | $944,617 |
Property Taxes
Parcel Number
33-39-02-00001-0350-00010.0
Land Assessment
$125,888
Improvements Assessment
$818,729
Total Assessment
$944,617
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The Pocahontas Building | 2101 14th Ave
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