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Beach Cottage Apartments 950 Sandpiper Ln 4 Unit Apartment Building $1,500,000 ($375,000/Unit) 2.42% Cap Rate Vero Beach, FL 32963
Investment Highlights
- Across the street from beach access
Executive Summary
Great opportunity to own a 4-unit beachside condo property just across from the beach! Ideal for investors or owner-occupants, this property offers four separate units with strong income potential in a great coastal location. Perfect for short-term or long-term rentals, with excellent proximity to beaches, dining, and shopping.
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 | $1,500,000 | Building Class | C |
| Price Per Unit | $375,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 1,700 SF |
| Cap Rate | 2.42% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | ||
| Zoning | RN 10 - Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 2.42% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 1,700 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1982 |
| Zoning | RN 10 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 33-40-05-00024-0001-00003.0 | Total Assessment | $77,903 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $77,903 | Tax Year | 2025 |
Property Taxes
Parcel Number
33-40-05-00024-0001-00003.0
Land Assessment
$0
Improvements Assessment
$77,903
Total Assessment
$77,903
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Beach Cottage Apartments | 950 Sandpiper Ln
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