{"id":7680,"date":"2024-12-03T12:58:48","date_gmt":"2024-12-03T07:28:48","guid":{"rendered":"https:\/\/pczippo.com\/?p=7680"},"modified":"2024-12-03T12:59:38","modified_gmt":"2024-12-03T07:29:38","slug":"best-luxury-villa-in-florida","status":"publish","type":"post","link":"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/","title":{"rendered":"Best Villa in Florida &#8211; Don&#8217;t Miss This One If You&#8217;re Planning To Buy"},"content":{"rendered":"\n<p>If you&#8217;re in the market for an investment property in Florida, the multi-family villa located at <strong>960 6th St, Vero Beach, FL 32962<\/strong> is an opportunity you should not miss. Priced at <strong>$685,000<\/strong>, this fantastic investment offers not just a home, but a chance to tap into the thriving real estate market in Indian River County, Florida. Whether you&#8217;re a seasoned investor looking for a stable rental income or a first-time buyer looking for potential, this villa provides a great mix of location, rental history, and recent updates.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1694840745rd-w2048_h1536.webp\" alt=\"Best Luxury Villa in Florida\" class=\"wp-image-7686\" style=\"width:1170px;height:auto\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1694840745rd-w2048_h1536.webp 1024w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1694840745rd-w2048_h1536-300x225.webp 300w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1694840745rd-w2048_h1536-768x576.webp 768w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1694840745rd-w2048_h1536-150x113.webp 150w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Let&#8217;s dive deeper into what makes this property stand out, with a detailed exploration of its features, investment potential, and the surrounding area.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Property_Overview_A_Profitable_Investment_Opportunity\" title=\"Property Overview: A Profitable Investment Opportunity\">Property Overview: A Profitable Investment Opportunity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Property_Photos_Best_Luxury_Villa_In_Florida\" title=\"Property Photos: Best Luxury Villa In Florida\">Property Photos: Best Luxury Villa In Florida<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Property_Features_What_Sets_It_Apart\" title=\"Property Features: What Sets It Apart?\">Property Features: What Sets It Apart?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#1_Recent_Updates\" title=\"1. Recent Updates\">1. Recent Updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#2_Interior_Features\" title=\"2. Interior Features\">2. Interior Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#3_Property_Layout_and_Parking\" title=\"3. Property Layout and Parking\">3. Property Layout and Parking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#4_Long-Term_Rental_History\" title=\"4. Long-Term Rental History\">4. Long-Term Rental History<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Investment_Potential\" title=\"Investment Potential\">Investment Potential<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Local_Area_Colonial_Heights_Vero_Beach_FL\" title=\"Local Area: Colonial Heights, Vero Beach, FL\">Local Area: Colonial Heights, Vero Beach, FL<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#1_Great_Location\" title=\"1. Great Location\">1. Great Location<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#2_High_Demand_for_Rentals\" title=\"2. High Demand for Rentals\">2. High Demand for Rentals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#3_Low_HOA_Fees\" title=\"3. Low HOA Fees\">3. Low HOA Fees<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Financial_Breakdown_Understanding_Your_Investment\" title=\"Financial Breakdown: Understanding Your Investment\">Financial Breakdown: Understanding Your Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/pczippo.com\/real-estate\/best-luxury-villa-in-florida\/#Conclusion_Why_You_Shouldnt_Miss_This_One\" title=\"Conclusion: Why You Shouldn&#8217;t Miss This One\">Conclusion: Why You Shouldn&#8217;t Miss This One<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Property_Overview_A_Profitable_Investment_Opportunity\"><\/span>Property Overview: A Profitable Investment Opportunity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This <strong>multi-family<\/strong> property consists of <strong>two duplexes<\/strong> sold together, offering <strong>four separate units<\/strong> that present a strong rental income opportunity. Here are the key details that make this villa an appealing investment:<\/p>\n\n\n\n<style>\n   \n\n    table {\n      border-collapse: collapse;\n      width: 100%;\n      margin-top: 20px;\n      box-shadow: 0 4px 8px rgba(0, 0, 0, 0.1);\n      overflow: hidden;\n      border-radius: 0px;\n      border: 0px solid #ddd;\n    }\n\n    th, td {\n      padding: 15px;\n      text-align: left;\n      border-bottom: 1px solid #ddd;\n      border-right: 1px solid #ddd;\n      transition: background-color 0.3s, box-shadow 0.3s;\n      word-break: break-word;\n    }\n\n    th {\n      background-color: #4CAF50;\n      color: white;\n      font-weight: bold;\n      border-top-left-radius: 10px;\n      border-top-right-radius: 10px;\n    }\n\n    td:first-child {\n      font-weight: bold;\n        width: 20%;\n      \n    }\n\n    tr:hover {\n      background-color: #f5f5f5;\n      box-shadow: 0 4px 8px rgba(0, 0, 0, 0.2);\n      transition: background-color 0.3s, box-shadow 0.3s;\n    }\n\n    td:hover {\n      background-color: #e0f7fa;\n      box-shadow: 0 4px 8px rgba(0, 0, 0, 0.1);\n    }\n  <\/style>\n\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Property Details<\/strong><\/th><th><strong>Details<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Price<\/strong><\/td><td>$685,000<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>0.54 acres (Approx. 23,522 sq. ft.)<\/td><\/tr><tr><td><strong>Property Type<\/strong><\/td><td>Multi-Family (Quadruplex)<\/td><\/tr><tr><td><strong>Year Built<\/strong><\/td><td>1988<\/td><\/tr><tr><td><strong>Total Units<\/strong><\/td><td>4<\/td><\/tr><tr><td><strong>Rental History<\/strong><\/td><td>Strong, with consistent tenants<\/td><\/tr><tr><td><strong>Current Rental Rates<\/strong><\/td><td>$1,100 to $1,450 per unit<\/td><\/tr><tr><td><strong>Property Taxes (2023)<\/strong><\/td><td>$6,860<\/td><\/tr><tr><td><strong>Maintenance Expenses<\/strong><\/td><td>$1,000 per month<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Property_Photos_Best_Luxury_Villa_In_Florida\"><\/span>Property Photos: Best Luxury Villa In Florida<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img decoding=\"async\" width=\"800\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-7681\" data-id=\"7681\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m2429335689rd-w2048_h1536.webp\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m2429335689rd-w2048_h1536.webp 800w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m2429335689rd-w2048_h1536-300x225.webp 300w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m2429335689rd-w2048_h1536-768x576.webp 768w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m2429335689rd-w2048_h1536-150x113.webp 150w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img decoding=\"async\" width=\"576\" height=\"768\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-7682\" data-id=\"7682\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m200621939rd-w2048_h1536.webp\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m200621939rd-w2048_h1536.webp 576w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m200621939rd-w2048_h1536-225x300.webp 225w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m200621939rd-w2048_h1536-150x200.webp 150w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-7684\" data-id=\"7684\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1261802148rd-w2048_h1536.webp\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1261802148rd-w2048_h1536.webp 800w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1261802148rd-w2048_h1536-300x225.webp 300w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1261802148rd-w2048_h1536-768x576.webp 768w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1261802148rd-w2048_h1536-150x113.webp 150w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"768\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-7683\" data-id=\"7683\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1460682385rd-w2048_h1536.webp\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1460682385rd-w2048_h1536.webp 576w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1460682385rd-w2048_h1536-225x300.webp 225w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m1460682385rd-w2048_h1536-150x200.webp 150w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-7685\" data-id=\"7685\" src=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m483877211rd-w2048_h1536.webp\" srcset=\"https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m483877211rd-w2048_h1536.webp 800w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m483877211rd-w2048_h1536-300x225.webp 300w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m483877211rd-w2048_h1536-768x576.webp 768w, https:\/\/pczippo.com\/wp-content\/uploads\/2024\/12\/ba08d3a23e9f9889ef970db8cf2507e5l-m483877211rd-w2048_h1536-150x113.webp 150w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.realtor.com\/realestateandhomes-detail\/960-6th-St_Vero-Beach_FL_32962_M60285-74043?from=srp-list-card\" target=\"_blank\" rel=\" noreferrer noopener nofollow\">Check Buying options for this premium Villa here<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Property_Features_What_Sets_It_Apart\"><\/span>Property Features: What Sets It Apart?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The villa offers <strong>four individual units<\/strong> that are ready for tenants or can be a flexible space for potential homeowners. It\u2019s located in <strong>Colonial Heights<\/strong>, a well-established neighborhood in Vero Beach. The lot is large enough to offer privacy and ample space for tenants.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Recent_Updates\"><\/span>1. <strong>Recent Updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2024 A\/C in Unit 964<\/strong>: The cooling system was recently updated to ensure that tenants enjoy a comfortable environment throughout the year.<\/li>\n\n\n\n<li><strong>2024 Drain Field<\/strong>: A new drain field was installed, preventing costly repairs and ensuring that the property is up to code.<\/li>\n\n\n\n<li><strong>Tile Floors Throughout<\/strong>: All units feature durable and easy-to-maintain tile flooring, a practical feature that appeals to both tenants and buyers.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Interior_Features\"><\/span>2. <strong>Interior Features<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Flooring<\/strong>: The units are equipped with tile flooring, making them durable and easy to clean.<\/li>\n\n\n\n<li><strong>Pantry<\/strong>: Each unit features a pantry for additional storage, which adds convenience for tenants.<\/li>\n\n\n\n<li><strong>Window Features<\/strong>: The windows are single-hung, offering a simple yet effective design for natural light and ventilation.<\/li>\n\n\n\n<li><strong>Appliances<\/strong>: All units come with appliances, including laundry facilities in-unit, which adds significant convenience for tenants.<\/li>\n\n\n\n<li><strong>Heating and Cooling<\/strong>: All units are equipped with central heating and cooling systems, ensuring year-round comfort for tenants.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Property_Layout_and_Parking\"><\/span>3. <strong>Property Layout and Parking<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The units are split into four separate living spaces, each with its own entrance. This setup is perfect for tenants seeking privacy and autonomy.<\/li>\n\n\n\n<li><strong>Parking<\/strong>: There is <strong>off-street parking<\/strong> for up to <strong>8 cars<\/strong>, which is a significant perk in a community where parking can be limited.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Long-Term_Rental_History\"><\/span>4. <strong>Long-Term Rental History<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unit 960: Currently renting at <strong>$1,100 per month<\/strong> on a month-to-month lease.<\/li>\n\n\n\n<li>Unit 962: Leased at <strong>$1,450 per month<\/strong> until <strong>Sept 2025<\/strong>.<\/li>\n\n\n\n<li>Unit 964: Leased at <strong>$1,200 per month<\/strong> until <strong>March 2025<\/strong>.<\/li>\n\n\n\n<li>Unit 966: Leased at <strong>$1,450 per month<\/strong> until <strong>August 2025<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>This strong rental history makes it an ideal option for investors looking for steady income.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investment_Potential\"><\/span>Investment Potential<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With <strong>gross income<\/strong> from rent totaling <strong>$62,400<\/strong> annually, this villa offers a <strong>Net Operating Income (NOI)<\/strong> of <strong>$45,092<\/strong>, after operating expenses of $17,308. For potential investors, this property promises a reliable return on investment, with a monthly mortgage payment of approximately <strong>$4,383<\/strong> (based on a 30-year fixed loan at 6.692%).<\/p>\n\n\n\n<p>The overall <strong>maintenance expense<\/strong> is <strong>$1,000 per month<\/strong>, which includes grounds care and common area maintenance, while the owner is responsible for taxes, insurance, and common area expenses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Local_Area_Colonial_Heights_Vero_Beach_FL\"><\/span>Local Area: Colonial Heights, Vero Beach, FL<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vero Beach is one of Florida&#8217;s most desirable locations, offering a mix of small-town charm and upscale living. Situated in <strong>Indian River County<\/strong>, this region is known for its beautiful beaches, natural parks, and excellent schools. Here are a few reasons why this area stands out:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Great_Location\"><\/span>1. <strong>Great Location<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Proximity to the Coast<\/strong>: Vero Beach is famous for its pristine coastline, just a short drive away from this villa. The area offers access to several beaches, parks, and natural reserves, making it a perfect place for outdoor activities.<\/li>\n\n\n\n<li><strong>Accessibility<\/strong>: The property is located just off <strong>US 1<\/strong>, offering easy access to local businesses, restaurants, and shops. The area is also well-connected to major highways and roads, making commuting straightforward.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_High_Demand_for_Rentals\"><\/span>2. <strong>High Demand for Rentals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The demand for rental properties in Vero Beach is consistently high, given the area&#8217;s appeal to both locals and seasonal visitors. This makes the villa a smart investment for anyone looking to capitalize on this steady demand.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Low_HOA_Fees\"><\/span>3. <strong>Low HOA Fees<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The property is <strong>not part of a homeowners association (HOA)<\/strong>, which means no additional monthly HOA fees. This can be an attractive feature for both potential investors and buyers, as they can save on additional costs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Breakdown_Understanding_Your_Investment\"><\/span>Financial Breakdown: Understanding Your Investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here\u2019s a quick look at the financial aspects of owning this property:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Expense<\/strong><\/th><th><strong>Amount<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>List Price<\/strong><\/td><td>$685,000<\/td><\/tr><tr><td><strong>Down Payment (20%)<\/strong><\/td><td>$137,000<\/td><\/tr><tr><td><strong>Estimated Closing Costs (4%)<\/strong><\/td><td>$27,400<\/td><\/tr><tr><td><strong>Monthly Mortgage Payment<\/strong><\/td><td>$4,383<\/td><\/tr><tr><td><strong>Annual Taxes (2023)<\/strong><\/td><td>$6,860<\/td><\/tr><tr><td><strong>Monthly Maintenance Expense<\/strong><\/td><td>$1,000<\/td><\/tr><tr><td><strong>Gross Income (Annual)<\/strong><\/td><td>$62,400<\/td><\/tr><tr><td><strong>Net Operating Income (NOI)<\/strong><\/td><td>$45,092<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>With an annual <strong>gross income of $62,400<\/strong> and a <strong>net operating income of $45,092<\/strong>, this property offers a stable and profitable investment, especially given the relatively low maintenance costs and high rental demand in the area.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion_Why_You_Shouldnt_Miss_This_One\"><\/span>Conclusion: Why You Shouldn&#8217;t Miss This One<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, the <strong>multi-family villa at 960 6th St, Vero Beach, FL<\/strong> offers an exceptional opportunity for anyone looking to invest in Florida real estate. Whether you\u2019re drawn by the strong rental income potential, the recent updates, or the fantastic location in <strong>Colonial Heights<\/strong>, this property is worth considering.<\/p>\n\n\n\n<p>With a <strong>price of $685,000<\/strong>, a solid <strong>rental history<\/strong>, and excellent features like <strong>in-unit laundry<\/strong>, <strong>updated A\/C<\/strong>, and a <strong>large lot size<\/strong>, this villa is perfect for anyone looking to make a smart investment in Florida&#8217;s thriving real estate market. Don&#8217;t miss out\u2014contact the listing agent today to schedule a private showing!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;re in the market for an investment property in Florida, the multi-family villa located at 960 6th St, Vero Beach, FL 32962 is an opportunity you should not miss. Priced at $685,000, this fantastic investment offers not just a home, but a chance to tap into the thriving real estate market in Indian River [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":7686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3589],"tags":[],"class_list":{"0":"post-7680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best Villa in Florida - Don&#039;t Miss This One If You&#039;re Planning To Buy - PC Zippo<\/title>\n<meta name=\"description\" content=\"Check this Best Luxury Villa in Florida. 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