PRICED AT ONLY: $900,000
Address: 451 Silver Beach Road 1, Riviera Beach, FL 33403
Description
**This investment opportunity features two side by side duplexes in the rapidly growing Riviera Beach area. A total of four income producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door)Each unit features two bedrooms and one bathroom with washer/Dryer Hookups Each unit is separately metered electric.High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)*Current Lease Details below:**Unit 1: 2 bed 1 bath lease expires 5/25 $1,800 per month **Unit 2: 2 bed 1 bath lease expires 1/26 $1,700 per month **Unit 3: 2 bed 1 bath Vacant**Unit 4: 2 bed 1 bath lease expires 2/26 $1,800 per month. Immediate Upside
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- MLS#: RX-11068096 ( Quad Plex )
- Street Address: 451 Silver Beach Road 1
- Viewed: 1
- Price: $900,000
- Price sqft: $0
- Waterfront: No
- Wateraccess: Yes
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 158
- Additional Information
- Geolocation: 26.7926 / -80.0619
- County: PALM BEACH
- City: Riviera Beach
- Zipcode: 33403
- Subdivision: Park Manor 6
- Provided by: The Keyes Company
- Contact: Michael J Johnston
- (561) 220-0550
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.061928
- Construction: CBS
- Exterior Features: Covered Patio
- Flooring: Terrazzo Floor
- Roof: Comp Shingle
- Sqft Source: Tax Rolls
- Sqft Total: 3876.00
- Total Building Sqft: 3360.00
Property Information
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: < 1/4 Acre
- Subdivision Information: Ball Field, Boating, Park, Play Area, Playground, Sidewalks, Street Lights
Eco-Communities
- Private Pool: No
- Storm Protection: None
- Waterfront Details: None
Utilities
- Carport Spaces: 0.00
- Cooling: Wall-Win A/C
- Heating: Window/Wall
- Number Of Stories: 1.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: No
- Utilities: Electric, Public Sewer, Public Water
Finance and Tax Information
- Home Owners Association poa coa Monthly: 0.00
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 76400.00
- Income Expenses Annual Total Expense: 1000.00
- Income Expenses Gross Operating Inc: 86400.00
- Source Of Expenses: Owner
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable, Electric
Other Features
- Avail Info: Leases
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: PARK MANOR NO 6 LOT 3 BLK 41
- Multiple Ofrs Acptd: Yes
- Parcel Id: 56434228350410030
- Possession: At Closing, Funding
- Zoning: RD-15(
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
