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$2,866,000   Price Analysis
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340 W 37th St
Riviera Beach, FL 33404
0 bed 4 bath 10,500 SqFt ($272/SqFt)
0.32 acre lot. Built 1962
Listed 2024-03-22
Ⓧ USDA Ineligible
due to price & location

near Riviera Beach

This portfolio consists of 8 properties

7 are within a few blocks of each other and all in Riviera Beach. Acquired over decades and well maintained by the current owner. All are single-family homes except for 332/340 W which is a SF house + triplex. 166 W has a main and an accessory house in the rear.

Total of 12 units: 9 SF houses, 3 apartments. Majority have long-term tenants on month-to-month leases. All are concrete block except for 600 W. Five properties are occupied, 3 will be delivered vacant as leases recently expred, a llowing renovation or re-leasing. Sold as a package, groups or individually.


Presented by Jesse Bailey at
49 Units, LLC.
Listing Agent Photo

Property MLS #RX-10971123 from BeachesMLSFlex

Bedrooms: 0

Cooling Features: Central, Wall-Win A/C
Heating Features: Central

Full Bathrooms: 4

Flooring: Carpet, Ceramic Tile, Vinyl Floor

Awnings
Custom Lighting
Fence
Fruit Tree(s)
Open Porch

Carport Features: 1.00
Carport Spaces: 1

Lot Description: < 1/4 Acre, 1/4 to 1/2 Acre
Lot Size Acres: 0.3213958
Lot Size Square Feet: 14000

View: City

Association: No
Association Fee Amenities: Park
Calculated Total Monthly Association Fees: 0

Gross Income: 241488.00
Tenant Pays: Cable, Electric, Sewer, Water

Number of Units: 12
Full Bathrooms in Unit-1: 3
Full Bathrooms in Unit-2: 1
Unit-1 Description: A/C Unit, Kitchen, Split Bedrooms
Unit-3 Description: Unit 3 Desc: A/C Unit, Kitchen, Split Bedrooms
Unit-4 Description: A/C Unit, Kitchen, Split Bedrooms
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-1 Square Feet: 1380
Unit-2 Square Feet: 1140
Unit-3 Square Feet: 980
Unit-4 Square Feet: 1125

Annual Tax Amount: 5449.80
Source Listing Status: Active
County: Palm Beach
Tax Year: 2023
Source Property Type: Residential Income
Area: 5280
Source Neighborhood: PLUMOSA PARK RIV BCH
Subdivision: PLUMOSA PARK RIV BCH
Zoning: varies
Property Subtype: Quad Plex
Source System Name: C2C

Listed 2024-03-22
$2,866,000
BeachesMLSFlex

Net Operating Income: 171762.00
Operating Expense: 69726.00

Total Square Feet Living: 10500
Year Built: 1962
Construction Materials: CBS, Frame
Property Age: 62
Property Condition: Resale
Roof: Built-Up, Comp Shingle
Levels or Stories: 1.0
Structure Type: Single Family Detached
Total Area Sqft: 10500
Year Built Details: Resale

Electric: Yes
Cable
Electric
Public Sewer
Public Water
Water Source: Public Water

Lincoln Elementary School is a public elementary school located approximately 1.6 miles away.
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John F. Kennedy Middle School is a public middle school located approximately 1.7 miles away.
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Palm Beach Gardens High School is a public high school located approximately 3.5 miles away.
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Palm Beach Bilingual School is a private elementary and middle school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.