$1,005,000
$1,095,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
9150 44th AVE #1-5 Sebastian, FL 32958
0.76 Acres Lot
Key Details
Sold Price $1,005,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 284646
Sold Date 03/26/25
HOA Y/N No
Year Built 1959
Annual Tax Amount $10,983
Tax Year 2024
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Apartment
Property Description
This five-unit riverfront apartment building at 9150 44th Ave, Sebastian, Florida, offers a premier investment on the Treasure Coast. Featuring unobstructed Indian River views, the property includes two 1-bedrooms, two studios, and one 2-bedroom. Built in 1959 with concrete block construction and a 5V crimp metal roof, units have undergone significant upgrades. A newer dock with boat lift adds appeal. Sebastian allows short-term rentals like Airbnb/VRBO, with a projected 6.85% cap rate after full occupancy. Strong growth potential for long-term appreciation and income.
Location
State FL
County Indian River
Area Sebastian County
Zoning ,
Interior
Heating Multiple Heating Units
Cooling 2 Units
Flooring Tile
Furnishings Unfurnished
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Porch, Patio
Parking Features Off Street
Pool None
Community Features None
Waterfront Description Intracoastal Access,River Front
View Y/N Yes
Water Access Desc Well
View River
Roof Type Metal
Porch Covered, Patio, Porch
Total Parking Spaces 6
Building
Lot Description 1/2 to 1 Acre Lot
Story 1
Entry Level One
Sewer Septic Tank
Water Well
Level or Stories One
Others
HOA Name NA
Tax ID 31392800000001000011.0
Financing Cash
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Bought with NON MLS