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Victoria Village 401 18th St 27 Unit Apartment Building $11,950,000 ($442,593/Unit) 4.73% Cap Rate Vero Beach, FL 32960
Investment 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
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$686,400
|
$17.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$686,400
|
$17.16
|
| Taxes |
$52,600
|
$1.32
|
| Operating Expenses |
$58,000
|
$1.45
|
| Total Expenses |
$110,600
|
$2.77
|
| Net Operating Income |
$575,800
|
$14.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $686,400 |
| Annual Per SF | $17.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $686,400 |
| Annual Per SF | $17.16 |
| Taxes | |
|---|---|
| Annual | $52,600 |
| Annual Per SF | $1.32 |
| Operating Expenses | |
|---|---|
| Annual | $58,000 |
| Annual Per SF | $1.45 |
| Total Expenses | |
|---|---|
| Annual | $110,600 |
| Annual Per SF | $2.77 |
| Net Operating Income | |
|---|---|
| Annual | $575,800 |
| Annual Per SF | $14.40 |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 27 | $2,200 | 40,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 33-39-01-00027-0020-00001.0 | Total Assessment | $2,896,094 |
| Land Assessment | $573,903 | Annual Taxes | $52,600 ($1.32/SF) |
| Improvements Assessment | $2,322,191 | Tax Year | 2025 |
Property Taxes
Parcel Number
33-39-01-00027-0020-00001.0
Land Assessment
$573,903
Improvements Assessment
$2,322,191
Total Assessment
$2,896,094
Annual Taxes
$52,600 ($1.32/SF)
Tax Year
2025
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Victoria Village | 401 18th St
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