540 W 1st ST Active Save Request In-Person Tour Request Virtual Tour
Riviera Beach,FL 33404
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,240 sqft
Price per Sqft $341
Subdivision Riviera Beach Heights Add 4
MLS Listing ID RX-11023483
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1959
Annual Tax Amount $3,994
Tax Year 2023
Lot Size 5,036 Sqft
Property Description
**Excellent Investment Opportunity!** Discover this income-generating property featuring **two separate buildings** Prime location with tremendous growth potential: - **Front Building:** 2 bed, 1 bath, currently rented at **$1,850/month until 9/30/25**. **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,350/month until **February 2025**. Both buildings are freshly painted, with roofs in great condition. **Roofs were replaced in 2014 and 2017.** **Market Rent Potential:** - 2 bed, 1 bath: **$2,000/month** - 1 bed, 1 bath: **$1,600/month** Located just steps from a **public marina and boat ramp** across from Peanut Island, this property is in a high-demand area.
Location
State FL
County Palm Beach
Area 5280
Zoning RS-8(c
Interior
Heating Electric
Cooling Ceiling Fan,Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature None
Utilities Available Cable,Electric
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions Buyer Approval,Other
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA