Excellent investment opportunity!!

. 2 seperate buildings. Front building is 2 bed 1 bath. Rear business is 1 Bed 1 Bath. Fresh paint and roofs in tremendous condition. Roofs replaced in 2014 and 2017.Market Rents 2 bed 1 bath $1, 800 - $2, 000. 1 bed 1 Bath $1, 300 - $1, 500Super close to Public marina and boat ramp directly in front of Peanut Island.

Close to Port of Palm beach which has huge expansion plans for more cruise ships. 60 Contemporary Townhomes being built around the corner. ''Reimagine Riviera Beach'' would bring in a new city hall, recreation centers and a public library, among other constructon projects on 80 acres.More to come. .

Request Information
on 540 W 1st St
in Riviera Beach, FL
Presented by Michael Johnston at
The Keyes Company.


Property MLS #RX-10971467 from BeachesMLSFlex
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+ Bedrooms

Bedrooms: 3

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Heating and Cooling

Cooling Features: Ceiling Fan, Wall-Win A/C
Heating Features: Electric

+ Interior Features

Flooring: Ceramic Tile

+ Land Info

Lot Description: < 1/4 Acre
Lot Size Acres: 0.1156107
Lot Size Square Feet: 5036

+ Homeowners Association

Association: No
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 0

+ Rental Info

Gross Income: 29800.00
Tenant Pays: Cable, Electric

+ Multi-Unit Info

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit-1 Description: A/C Unit
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-1 Square Feet: 858
Unit-2 Square Feet: 454

+ Other Property Info

Annual Tax Amount: 3994.35
Source Listing Status: Active
County: Palm Beach
Directions: Australian Ave to 1st go West
Tax Year: 2023
Restrictions: Buyer Approval
Source Property Type: Residential Income
Area: 5280
Source Neighborhood: RIVIERA BEACH HEIGHTS ADD 4
Subdivision: RIVIERA BEACH HEIGHTS ADD 4
Zoning: RS-8(c
Property Subtype: Duplex
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-03-23
$425,000
BeachesMLSFlex

+ Commercial Info

Net Operating Income: 37800.00
Operating Expense: 8000.00

+ Building and Construction

Total Square Feet Living: 1240
Year Built: 1959
Construction Materials: CBS
Living Area Source: Tax Rolls
Property Age: 65
Property Condition: Resale
Roof: Comp Shingle
Levels or Stories: 1.0
Total Area Sqft: 1338
Year Built Details: Resale

+ Utilities

Electric: Yes
Cable
Electric

+ Display Complete School Details

West Riviera Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions

Howell L. Watkins Middle School is a public middle school located approximately 3.7 miles away.
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William T. Dwyer High School is a public high school located approximately 8.2 miles away.
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St. Francis of Assisi Catholic is a private elementary and middle school located approximately 1 miles away.
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