INVESTMENT OPPORTUNITY IN VERO BEACH: BANK-OWNED SINGLE FAMILY HOME (FORECLOSURE) WITH GREAT APPRECIATION POTENTIAL
1835 31st Avenue, Vero Beach, FL, Vero Beach, FL, 32960, US
Single FamilyStatus: active
$199,000
Estimated annual taxes: $1,765
No Img
No Img
2 Bedrooms
1 Bathrooms
759 ft² · 71 m²
— Garages
About this property
Maximize your real estate portfolio or acquire your next residential project in Vero Beach for just $199,000. This single-family home in Belmont Park, currently in foreclosure status, represents one of the most accessible and profitable opportunities in today's market. With 2 bedrooms, a functional single-story ranch-style design, and situated on a lot of nearly a quarter acre, this home is the perfect blank canvas for contractors, investors, or individual buyers willing to renovate and capture immediate appreciation. Enjoy the complete independence of having no HOA restrictions in a central location with an extremely low annual tax cost.
Technical details & MLS (USA)
Year built: 1955
Stories: 1
Lot size: 9,584 ft²
Zoning: Single Family Residential (Belmont Park / City of Vero Beach)
MLS area: 6321 - City of Vero Beach (IR)
Special notes: BELMONT PARK
Environment
Nearby schools
- ElementaryGlendale
- MiddleStorm Grove
- High SchoolVero Beach
Location on Google Maps
Open in MapsDetails & Features
Financial information
Annual taxes:$1,765
Additional features
- Excellent Price-Land Ratio: Priced below $200,000, this property offers a generous lot of over 9,500 square feet in a constantly developing area, ensuring ample room for expansions or landscaping improvements. - Property with "Good Bones": Originally built in 1955 with a combined structure of concrete blocks and wood frame, providing the necessary solidity for a comprehensive modernization project. - Ranch Style: Its comfortable single-level layout optimizes the interior square footage and eliminates stairs, making it a very attractive option for the long-term rental market. - Covered Parking: Features an attached carport that protects the vehicle from the Florida sun, with additional space in the driveway for guest cars. - Strategic Location in Vero Beach: Located within the Belmont Park subdivision, a highly convenient location with quick access to city services, local shopping centers, area schools, and a short drive to local beaches. - Equipment: Includes refrigerator and electric water heater. - Climate Control: Electric central air conditioning system and integrated ceiling fans. - Utilities: Connections and infrastructure ready for public sewer and public water. - Pool: None, which reduces initial maintenance costs and leaves the entire backyard space free.