Bought with Non-Member Selling Office
$399,900
For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,800 SqFt
SOLD DATE : 12/16/2025
Key Details
Sold Price $399,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $222
Subdivision Sebastian Highlands Unit 17
MLS Listing ID RX-11132368
Sold Date 12/16/25
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1990
Annual Tax Amount $5,653
Tax Year 2025
Lot Size 10,000 Sqft
Property Sub-Type Duplex
Property Description
INVESTOR ALERT! This Sebastian Duplex meets the 1% Rule with two 2 Bed/1 Bath units generating $4,000 in monthly income ($2,000 per unit). This is a turnkey property with an excellent rental history and has been meticulously maintained. Nicely renovated units featuring fresh paint, LVP flooring, granite counters, and updated bathrooms. 2016 Metal Roof, 2020 AC Units, & 2018 Water Heaters, 2022 . With PGI of $48,000 minus expenses of $16,345, the Annual NOI is $31,654, yielding a strong 7.92% CAP Rate at the listed price. This is a must-see for any serious cash-flow seeking landlord!
Location
State FL
County Indian River
Area 5940
Zoning RM-8
Interior
Heating Central
Cooling Central
Flooring Vinyl Floor
Exterior
Exterior Feature Covered Patio, Fence, Screened Patio, Shed
Community Features Sold As-Is
Utilities Available Septic
Amenities Available None
Waterfront Description None
View Other
Roof Type Metal
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame, Woodside
Construction Status Resale
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "