Property Description:
This 3-bed, 2-bath frame home with 1,478 sq ft of living space sits on a 0.26-acre lot in a quiet, residential part of central Vero Beach. Built in 1991, the home features a utility room, dining area, kitchen island, covered patio, shed, and a garage. It is currently owner-occupied and will need a 30-day post-closing occupancy with a $10,000 escrow holdback.
🛠️ Needs Roof & AC – Solid Structure with Strong Rental or Flip Potential
The home requires a new roof and central AC unit, along with interior/exterior paint, bathroom upgrades, flooring, trashout, and deep cleaning. A basic kitchen refresh and light landscaping—including a bent fence repair—would help bring the property to top resale condition. With an estimated market rent of $2,200/month and an ARV of $330K or so, based on solid nearby comps, this is a strong cosmetic rehab or BRRR opportunity.
🔴 Recently Sold Comps
🔴 966 21st Ave – 1,274 sq ft, 3/2, sold for $339K ($266/sqft) on 3/17/25 – similar layout, 1 year older, smaller
🔴 961 E 13th Sq – 1,273 sq ft, 3/2, sold for $267,500 ($210/sqft) on 5/2/25 – similar size, newer build, lower finish
🔴 846 17th Ave – 1,456 sq ft, 3/2, sold for $349,900 ($240/sqft) on 12/5/24 – older build, comparable condition
🔴 1124 W 13th Sq – 1,618 sq ft, 3/2, sold for $349,000 ($216/sqft) on 12/19/24 – larger home, similar finish level
🔴 768 24th St – 1,710 sq ft, 3/2, sold for $361,500 ($211/sqft) on 12/20/24 – bigger and slightly newer, similar area
With solid comps in the mid-to-high $300Ks and this home offered at just $220K, there’s clear margin for value-add. Ideal for flippers or landlords seeking light rehab with high upside.