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401 18th St
Vero Beach, FL 32960

$11,950,000 USD

Apartments For Sale • 40,000 SF

Property Details

Property Type Apartments
Total Building Size 40,000 SF
Lot Size 3.1 AC
Building Class C
Year Built 2022
Cap Rate 4.73 %
Zoning Multi

50 Walk Score

                
                    Highlights
                
                                CBS with metal roofs, quality finishes include marble flooring, granite kitchen counters. 27 1 & 2 story units; 10 3 br. 2 ba., 17 2 br. 2 ba. 
                            
                                Built between 2022 & 2025. LOCATION!!! Just off the 17th Street causeway to beach. Close to grocery, shopping district on US 1

Financial Summary (Actual)

Net Operating Income: $575,800 USD (2025)

Cap Rate:	4.73 %
Total Expenses:	$110,600 USD

Amenities

24 Hour Access

Public Transportation

Airport	Drive	Walk	Distance
Melbourne Orlando International	63 min	-	43.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	OneCarGarage
Included in Rent:	Yes

Michael Thorpe 772-532-0449 ONE Sotheby's International Realty

401 18th St Vero Beach, FL 32960