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Multifamily in Riviera Beach, FL 33404Riviera Beach Heights, 540 W 1st St
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OFF MARKET
Beds
1,240
SqFt$323
$/SqFtEntry-Level Multifamily
Built in 1959
**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 vacant but rents at $1,900 per month. . **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,400/month until **June 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.
MLS Number: R11086710
On Site: 504 Days
Updated: 460 Days ago
Page Views: 0
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: None
Interior, Heating and Cooling
- Heating Description: Electric
- Cooling Description: CeilingFans, WallWindowUnits
Building and Construction
- Floor Description: CeramicTile
- Year Built: 1959
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-05-01T15:01:10.000-00:00
Taxes, Fees & More
- Taxes: 3891
- Total Units in Building: 2
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
05/01/2025
Listed
$400K
$323 ft2
$3,472 m2
05/01/2025
$400K
Event
Listed
Price Per
$323 ft2
$3,472 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Johnston • The Keyes Company • Buyer Agency Compensation .
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Scores
27
100
54
100
76
100
0
100
31
100
1
100
Community Snapshot
2 – 4 BR
Bedrooms
$110K – $450K
Price Tier
552 - 3,106
SqFt Range
1957
Year Build
1
Total Floors
Subdivision Amenities
None
Sidewalks
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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