1504 and 1464 41st Avenue, Vero Beach, FL
Four-Unit Value-Add Opportunity with Immediate Lease-Up and Stabilized Income Potential
Marketing description
Two duplexes offered as a four-unit multifamily investment opportunity in Vero Beach, Florida. The portfolio features concrete block construction across both properties with functional layouts, separate utilities, and recent capital improvements including a newer metal roof and updated electrical panels.
The asset presents a compelling value-add opportunity with one unit currently leased and multiple units delivered vacant or available for lease-up, allowing investors to quickly increase income and stabilize the property at market rents. Based on conservative projections, the portfolio supports approximately $7,200 per month in gross rental income at stabilization.
Ideal for investors seeking a small multifamily portfolio with operational flexibility, the property can be held as long-term rentals, repositioned for improved cash flow, or partially owner-occupied. Located in a growing Treasure Coast market with strong rental demand, the asset benefits from proximity to shopping, dining, schools, and major transportation corridors.
Investment highlights
Value-Add Portfolio with Immediate Upside – Multiple units available for lease-up, providing a clear path to increasing income and stabilizing returns
Projected $86,400 Gross Annual Income – Based on conservative market rents of approximately $1,800 per unit
Mid-6% to Low-7% Stabilized Cap Rate – Attractive yield profile for a small multifamily asset in a coastal Florida market
Concrete Block Construction (CBS) – Durable, low-maintenance buildings designed for long-term ownership in Florida’s climate
Recent Capital Improvements – Newer metal roof and updated electrical panels reduce near-term capital expenditure risk
Flexible Investment Strategies – Suitable for long-term rental hold, partial owner-occupancy, or portfolio repositioning
Strong Rental Demand Fundamentals – Unit mix and location support consistent tenant demand from workforce and family renters
Operational Efficiency – Separate utilities and practical layouts help control expenses and simplify management
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