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.
Courtesy: Grande Real Estate Services
863-529-5628
Excellent investment opportunity. Original owner living in one side and renting out the other side. Very stable long term tenant paying $1500 well under market value month to month. This beautiful investment oasis has 18' tile floors throughout. No Carpet. Vaulted ceilings. Each side has its own garage. Enjoy this paradise oasis with a covered screened in lanai on both sides overlooking the tropical fruit trees including avocado, guava, blueberry and blackberry bushes with an above ground pool. The pool can stay or be removed. This amazing investment property sits on .23 acres with room for a RV and boat parking equipped with a 30 AMP RV hookup. No HOA gives the flexibility for your rental investment. Near the river. 15 minutes from the beach.
This property presents a fantastic rental opportunity with 2 sides over 1,000 sq. ft., 2 bedrooms, 1 bath on each side, 2 front carports, extra storage in back and separate electric/water meters for each unit allowing for easy management and great potential income. Don't miss out on this incredible opportunity to own a rental duplex in a prime location, close to beaches, restaurants and shops. Currently rented by good tenants. Centrally located in beautiful Sebastian with excellent schools. Please so not disturb tenants. Seller will contribute $7K to Buyer at Closing!
Unique duplex. Apt A is a large 2/2 with screened porch, bonus room, storage room, dining room, new toilets, new tub with tile, split plan, tile floors, some re-pipping. Apt B - 2/1 tile floors, eat-in kitchen, large master bedroom. Both units have a driveway to fit up to 4 cars each. Newer metal roof, storage shed, coin-op washer/dryer. Please inquire about updated accounting. Pictures of Apt B before tenant moved in upon request. Apt A - one year lease, $1,900/month, expires 2-28-25. Apt B - month-to-month agreement, $1,200/month tenant agreed to sign one year lease will post when signed
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Sebastian is located in Florida. Sebastian, Florida has a population of 23,923. Sebastian is less family-centric than the surrounding county with 19.34% of the households containing married families with children. The county average for households married with children is 20.09%.
The median household income in Sebastian, Florida is $49,655. The median household income for the surrounding county is $49,009 compared to the national median of $57,652. The median age of people living in Sebastian is 53.2 years.
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 51.3 degrees. The average rainfall is approximately 54.5 inches per year, with 0 inches of snow per year.
