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1443 19th Pl

4,000 SF Speciality Building Offered at £1,058,953 at a 9.72% Net Initial Yield in Vero Beach, FL 32960

Investment Highlights

  • Excellent Location Downtown Fort Pierce
  • Turn Key, New roof and rooms have been renovated
  • Wrap around porch

Executive Summary

Opportunity knocks with this beautiful historical property in the heart of Downtown Vero Beach. This grand home was built in 1918 and is zoned mixed use which allows for residential and commercial. Is the perfect setting for Bed and Breakfast with a restaurant or wine bar. The entire adjoining neighborhood has been rezoned mixed use in an effort to grow and promote the Cultural Arts Village. Located just steps away from some of the finest restaurants, shops, pubs and art galleries. This once 10 bedroom 4 1/2 bath has now become an 8 bedroom 6 1/2 bath. The new additional bathrooms are nestled in gorgeous suites that have small kitchenettes to accommodate weekly and monthly travelers. There is also a larger, fully equipped kitchen available to all guests. The property has 10 dedicated parking spots along with street parking and a public parking lot across the street. There is also a 2 bedroom apartment downstairs with one bath and kitchen. This can be used as owner suite or rented. The property also hosts a beautiful 400 square ft. space downstairs with half bath that adjoins the 1500 square ft. wrap around porch. Has previously been used as retail space. There is a 900 square ft. detached studio with upgraded electric, plumbing, insulation, drywall, full bath and washer dryer. Beautiful space for an art studio/apartment. Improvements in 2022 include new roof, insulation, new windows upstairs, termite treatment with warranty, new bathrooms, new hardwood floors upstairs and new finishes throughout.

Financial Summary (Actual - 2021) 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 - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2021) 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 -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,058,953
Price Per SF £265
Sale Type Investment
Net Initial Yield 9.72%
Property Type Speciality
Property Subtype Residential Income
Building Class C
Lot Size 0.21 AC
Building Size 4,000 SF
Number of Floors 2
Year Built 1918
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code DTW (Mix Use)
DTW (Mix Use)
  • Listing ID: 26700129

  • Date on Market: 23/09/2022

  • Last Updated:

  • Address: 1443 19th Pl, Vero Beach, FL 32960

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