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461 Silver Beach Rd #1, Riviera Beach, FL, Florida 33403

3,360SqFt

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Details

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Status:
Active
Size: 3,360 SqFt (312 m2)
Price: $253/SqFt ($2,723/m2)
Type: Multi Family
Built: 1964
HOA: N/A
MLS Number: R11068125
On Site: 333 Days
Updated: 17 Days ago
Page Views: 0
**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
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea
      Interior, Heating and Cooling
      • Heating Description: WallFurnace
      • Cooling Description: WallWindowUnits
      Building and Construction
      • Floor Description: Terrazzo
      • Year Built: 1964
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2025-03-03T19:00:00.000-00:00
        Taxes, Fees & More
        • Taxes: 5704.79
        • Total Units in Complex: 2

        Apples-to-Apples Comparables

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        Price History

        10/17/2025

        Date

        Listed

        Event

        $850K

        Price

        $253 ft2 / $2,723 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Michael JohnstonThe Keyes Company • Buyer Agency Compensation .

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