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401 18th St - Victoria Village 27 Unit Apartment Building Offered at $16,429,219 CAD at a 4.73% Cap Rate Vero Beach, FL 32960
Investment 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 - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$943,683
|
$23.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$943,683
|
$23.59
|
| Taxes |
$72,316
|
$1.81
|
| Operating Expenses |
$79,740
|
$1.99
|
| Total Expenses |
$152,056
|
$3.80
|
| Net Operating Income |
$791,627
|
$19.79
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $943,683 |
| Annual Per SF | $23.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $943,683 |
| Annual Per SF | $23.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $72,316 |
| Annual Per SF | $1.81 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $79,740 |
| Annual Per SF | $1.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $152,056 |
| Annual Per SF | $3.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $791,627 |
| Annual Per SF | $19.79 |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 27 | $3,025 CAD | 40,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 33-39-01-00027-0020-00001.0 | Total Assessment | $3,978,451 CAD |
| Land Assessment | $788,388 CAD | Annual Taxes | $72,316 CAD ($1.81 CAD/SF) |
| Improvements Assessment | $3,190,063 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
33-39-01-00027-0020-00001.0
Land Assessment
$788,388 CAD
Improvements Assessment
$3,190,063 CAD
Total Assessment
$3,978,451 CAD
Annual Taxes
$72,316 CAD ($1.81 CAD/SF)
Tax Year
2025
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401 18th St - Victoria Village
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