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31633554
31633555

1504 41st Avenue, Vero Beach, FL 32960 For Sale

JD
FL SL3458838
LPT Realty
Listed by LPT Realty
$399,000
July 20th, 2026 4:00 pm
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1504 41st Avenue, Vero Beach, FL 32960

Details
APN 33391000002001000013
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 1,910
Net Rentable (SqFt) 1,910
Units 2
Cap Rate 6.50%
Occupancy 50%
Pro-Forma Cap Rate 7%
Pro-Forma NOI $27,939
Price per SqFt $209
Broker Co-Op Yes
Class B
Year Built 1972
Year Renovated 2025
Buildings 1
Lot Size (SqFt) 12,668
Zoning RM-8
Investment Type Stabilized
Occupancy Date 04/11/2022
Ground Lease No
Ownership Individual

In-Place Income with Immediate Lease-Up Opportunity and Strong Rental Demand

Marketing description

Why choose between a home and an investment when you can have both? This updated Vero Beach duplex at 1504-1506 41st Avenue is perfect for house hacking. Live in the vacant 3BR/2BA at 1504, move-in ready with a beautifully updated bath, while the renovated 2BR/1BA at 1506 generates $1,600/month on a flexible month-to-month lease. That unit features granite countertops, solid wood shaker cabinets, tile bath, enclosed Florida room, and fenced yard. A newer metal roof, separate utilities, screened porch, carport with utility sink, large shed, and extra storage add everyday convenience. Quietly set by a dead-end street yet close to shopping, dining, schools, and major routes. Neighboring duplex also available.

Investment highlights

Immediate Income with Upside – One unit leased at $1,600/month with second unit delivered vacant, allowing buyer to quickly lease at market (~$1,800+) and increase cash flow from day one

Strong House Hack or Rental Play – Ideal for owner-occupants or investors; live in one unit while offsetting expenses or lease both units for stabilized income

Concrete Block Construction (CBS) – Durable, low-maintenance construction paired with a 2021 metal roof for long-term capital expense protection

Proven Rentability & Market Support – In-place tenant and conservative rent projections supported by local demand for 2–3 bedroom units in Vero Beach

Favorable Insurance & Lending Profile – Active wind coverage policy and existing commercial financing indicate acceptable roof, electrical, and structural condition

Recent System Updates – Electrical panels replaced within the last 5 years, plus functional layout features including separate utilities, carport, storage, and fenced outdoor space

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Listing Contacts

JD
FL SL3458838
LPT Realty
Listed by LPT Realty

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Additional Information

Name
John DiGirolomo
License
SL3458838
Brokerage
LPT Realty
Brokerage Phone
7727134204
Title
Commercial Real Estate Agent
Brokerage Address
1926 14th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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