1443 19th Pl
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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 | Building Class | C |
Price Per SF | £265 | Lot Size | 0.21 AC |
Sale Type | Investment | Building Size | 4,000 SF |
Net Initial Yield | 9.72% | Number of Floors | 2 |
Property Type | Speciality | Year Built | 1918 |
Property Subtype | Residential Income |
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 |
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Walk Score ®
Very Walkable (79)
zoning
Zoning Code | DTW (Mix Use) |
DTW (Mix Use) |
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1443 19th Pl
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