The Pocahontas Building
23 Residential Units and 10 Commercial Units
Marketing description
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: $318,908.16 (PRO-FORMA = $364,606.56)
CAP RATE: 7.25% (PRO-FORMA = 8.29%)
SALE PRICE: $4,400,000
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