Multifamily in Riviera Beach, FL 33403

Park Manor, 451 Silver Beach Rd

**NEW ROOF's Aug 2025****New Water Heaters****This investment opportunity in the rapidly growing Riviera Beach area. two income-producing units with existing tenants and significant upside potential through rental increases. 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)* **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 Immediate Upside Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal 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