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33403 Zip Code Real Estate For Sale

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461 Silver Beach Rd #1, Riviera Beach, Florida 33403, image 1
$850,000
  • 3,360 SqFt
  • $253/SqFt
Multifamily for sale
461 Silver Beach Rd #1, Riviera Beach, FL 33403
**new roof's aug 2025****new water heaters**this investment opportunity features two side-by-side duplexes in the rapidly growing riviera beach area. 2 duplexes being sold together. 461 silver beach parcel # 56434228350410020 mls#: rx-11068125 & 451 silver beach parcel # 56434228350410030 mls#: rx-11068096. 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 5/26-$1, 800 per month **unit 2: 2 bed 1 bath -lease expires 1/26 - $1, 700 per month **unit 3: 2 bed 1 bath -lease expires 9/26 - $1, 700 per month **unit 4: 2 bed 1 bath - lease expires 2/26 -$1, 800 per month. Below-market rents: current leases provide opportunity to increase rents to market rates upon renewal projected gross rental income: if all units are rented at market rates, estimated gross income could reach $7, 600 to $8, 000 per month separate meters: tenants pay their own utilities, reducing landlord expenses long-term leases: leases secured through 2025 and 2026, ensuring stable cash flow high occupancy and demand: riviera beach remains a competitive rental market with increasing property values why invest in riviera beach? Riviera beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: riviera beach marina redevelopment, a multimillion-dollar waterfront revitalization increasing property values expansion of luxury residential and mixed-use developments, strengthening rental demand new infrastructure projects, including road expansions and commercial growth close proximity to singer island, palm beach gardens, and downtown west palm beach ideal for investors looking for: turnkey cash flow opportunity: fully leased units with immediate potential for rental increases strong market appreciation: rapidly growing area with long-term value potential 1031 exchange investment: excellent opportunity for reinvestment and tax benefits
Park Manor, 451 Silver Beach Rd, Riviera Beach, Florida 33403, image 1
$850,000
  • 3,360 SqFt
  • $253/SqFt
Multifamily for sale in Park Manor
451 Silver Beach Rd, Riviera Beach, FL 33403
**new roof's aug 2025****new water heaters****this investment opportunity features two side-by-side duplexes in the rapidly growing riviera beach area. 2 duplexes being sold together. Prefer written offer before bothering other tenants. 461 silver beach parcel # 56434228350410020 mls#: rx-11068125 & 451 silver beach parcel # 56434228350410030 mls#: rx-11068096. 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)* curr **unit 1: 2 bed 1 bath -lease expires 5/26-$1, 800 per month **unit 2: 2 bed 1 bath -lease expires 1/26 - $1, 700 per month **unit 3: 2 bed 1 bath -lease expires 9/26 - $1, 700 per month **unit 4: 2 bed 1 bath - lease expires 2/26 -$1, 800 per month. Immediate upside one vacant unit ready to lease at full market rent below-market rents: current leases provide opportunity to increase rents to market rates upon renewal projected gross rental income: if all units are rented at market rates, estimated gross income could reach $7, 600 to $8, 000 per month separate meters: tenants pay their own utilities, reducing landlord expenses long-term leases: leases secured through 2025 and 2026, ensuring stable cash flow high occupancy and demand: riviera beach remains a competitive rental market with increasing property values why invest in riviera beach? Riviera beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: riviera beach marina redevelopment, a multimillion-dollar waterfront revitalization increasing property values expansion of luxury residential and mixed-use developments, strengthening rental demand new infrastructure projects, including road expansions and commercial growth close proximity to singer island, palm beach gardens, and downtown west palm beach ideal for investors looking for: turnkey cash flow opportunity: fully leased units with immediate potential for rental increases strong market appreciation: rapidly growing area with long-term value potential 1031 exchange investment: excellent opportunity for reinvestment and tax benefits
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33403, FL Snapshot
78Active Inventory
0New Listings
$129.9K to $4MPrice Range
29Pending Sales
$360KMedian Closed Price
37Avg. Days On Market
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Broker reciprocity logoLocal Realty Service Provided By: Hyperlocal Advisor. Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS & Beaches MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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