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540 1st Street W
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PRICED AT ONLY: $423,000

Address: 540 1st Street W, Riviera Beach, FL 33404

Description

Excellent investment opportunity!! BRAND NEW A/C AND DUCT WORK INSTALLED AUGUST 2024!!. 2 seperate buildings. Front building is 2 bed 1 bath. Rear building is 1 Bed 1 Bath. Fresh paint and roofs in great condition. ****Roofs replaced in 2014 and 2017. Front unit Vacant. Rear unit Rented for $1,350 until Feb 2025. Market Rents = 2 bed 1 bath $1,900 $2,000. 1 bed 1 Bath $1,500 $1,600. Super close to Public marina and boat ramp directly in front of Peanut Island. Close to Port of Palm beach which has huge expansion plans for more cruise ships. 60 New Townhomes being built around the corner. ''Reimagine Riviera Beach'' would bring in a new city hall, recreation centers, and a public library, among other construction projects on 80 acres.

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  •   Principal & Interest $1,755
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance$0
  •   Monthly $2,354
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Virtual Tour
More Like This
  • MLS#: RX-11014303 ( Duplex )
  • Street Address: 540 1st Street W
  • Viewed: 3
  • Price: $423,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 225

Description

Excellent investment opportunity!! BRAND NEW A/C AND DUCT WORK INSTALLED AUGUST 2024!!. 2 seperate buildings. Front building is 2 bed 1 bath. Rear building is 1 Bed 1 Bath. Fresh paint and roofs in great condition. ****Roofs replaced in 2014 and 2017. Front unit Vacant. Rear unit Rented for $1,350 until Feb 2025. Market Rents = 2 bed 1 bath $1,900 $2,000. 1 bed 1 Bath $1,500 $1,600. Super close to Public marina and boat ramp directly in front of Peanut Island. Close to Port of Palm beach which has huge expansion plans for more cruise ships. 60 New Townhomes being built around the corner. ''Reimagine Riviera Beach'' would bring in a new city hall, recreation centers, and a public library, among other construction projects on 80 acres.
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Features
Building and Construction
  • Absolute Longitude: 80.061299
  • Construction: CBS
  • Exterior Features: None
  • Flooring: Ceramic Tile
  • Roof: Comp Shingle
  • Sqft Source: Tax Rolls
  • Sqft Total: 1338.00
  • Total Building Sqft: 1240.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Subdivision Information: None
Eco-Communities
  • Private Pool: No
  • Storm Protection: None
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Heating: Electric
  • Number Of Stories: 1.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Utilities: Cable, Electric
Finance and Tax Information
  • Home Owners Association poa coa Monthly: 0.00
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 37800.00
  • Income Expenses Annual Total Expense: 8000.00
  • Income Expenses Gross Operating Inc: 29800.00
  • Source Of Expenses: Other
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric
Other Features
  • Avail Info: Deposit, Deposit Security, Leases
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: RIVIERA BEACH HEIGHTS ADD 4 LT 216
  • Parcel Id: 56434233110002160
  • Possession: Funding
  • Zoning: RS-8(c
Nearby Subdivisions
Acrehome Park   Acrehome Park 2nd Add   Addis Ababa   Blue Heron Park 1   Inlet City   Inlet Grove   Inlet Grove In Pb 6 P 87 & Pb    Inlet Shores   Inlet Shores 02   Lauraville Amnded Pl   Pauline Court   Pleasant Heights   Pleasant Hgts In   Rain Bow Gardens   Rain-bow Gardens   Riviera Beach Heights Add 4   Shady Grove  
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