Homes for sale - 540 W 1st ST, Riviera Beach, FL 33404

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Frederick Antonelli

buy@fredantonelli.com +1(954) 801-1840

Listed by The Keyes Company

$424,000

Est. payment - /mo

3 Beds

2 Baths

1,240 SqFt

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UPDATED:

12/02/2024 05:01 PM

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

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buy@fredantonelli.com

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