$600,000
Riviera Beach, FL 33404
MLS# F10303180
Status: Closed
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Property Description
Prime Real Estate investment with 4 units, a total of 10 beds/4baths & 7 parking spaces. 2 X 3 bed/1 bth and 2 X 2 bed/1 bth. All units have separate electric & water meters. Built in 1965 its 3108 sq ft & on 0.2040 acres. Units all remodeled in 2016 with impact windows, new AC, water heaters, kitchens, appliances, flooring & electrical. New Roof in 2018 & all external sewer pipes replaced 2021. Units are currently rented. The 3 bed units rent at $1300 ea per mth and the 2 bed units at $1000. Gross income of $4600 per mth/$55200 per year. A Cap rate of over 9% on the gross income. Bus stop outside, store next door, schools close by. Major Shopping also conveniently located nearby. Great location and easy to rent. DO NOT DISTURB TENANT
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2021-10-04
Status: Closed
Original List Price: 599000
Sold Price: $600,000
Current Price: $600,000
Listing Service: Limited Service
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Riviera Beach
Postal Zip: 33404
Geographic Area: PB22
Country: United States
Street Number: 2840
Street Name: Avenue
State Or Province: FL
Postal Code: 33404
Postal Code +4: 4050
Subdivision Name: Acrehome Park
Area: 5280
Parcel Number: 56434229010000370
Zoning: RML12
General Property Information
Living Area Main: 3108
Gated Community YN: No
Stories Total: 1
Pool Private YN: No
LP/Assessed Value: 2.61
Property Sub Type: Quadruplex
Year Built: 1965
Financial Information
Tax Assessed/SOH Value: 229246
Assessor Market Value: 229246
Tax Annual Amount: 4949
Tax Year: 2020
Tax Legal Description: ACREHOME PARK LT 37 TRGLR PT OF S 1/2 OF BASEBALL PARK IN OR26382P767 & ABND PT OF 10 FT ACREHOME AVE LYG BET (LESS N 5 FT 28TH ST
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2022-01-31T12:12:46Z
Major Change Type: Status Change
Status Change Date: 2022-02-01
Under Contract Date: 2022-01-06
Close Date: 2022-01-31
Close Price: 600000
Association Fee Includes
Maintenance Grounds: 1
Flooring
Ceramic Tile: 1
Laminate: 1
Vinyl: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Co-Ownership
Property Management YN: No
Documents Available
Copy Of Lease(s): 1
Deposit - Security: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Tar/Gravel: 1
Cooling
Central Air: 1
Restrictions
Other Restrictions: 1
Tax Information
City/County: 1
No Homestead: 1
Outdoor Living Spaces
Balcony: 1
Porch: 1
Contingencies
Inspection: 1
Concessions
Seller Concessions: No
Unit 1 Details
Actual Rent: 4600
Baths Full: 4
Beds Total: 10
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
Unit 1 Lease Description
Currently Leased YN: Yes
Price Calculations
Current Price To SqFt: 193.05
Original List Price To Close Price: 1
Section Details
Parcel Number MLX: 0370
Acreage Description
Less Than 1/4 Acre Lot: 1
Originating Details
Originating System Key: 547532613
Originating System ID: M00000170
Property Features
Association Fee Includes: Maintenance Grounds
Documents Available: Copy Of Lease(s); Deposit - Security
Flooring: Ceramic Tile; Laminate; Vinyl
Property Condition: Resale
Construction Materials: Block
Cooling: Central Air
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional
Possession: Negotiable
Restrictions: Other Restrictions
Roof: Tar/Gravel
Sewer: Public Sewer
Tax Information: City/County; No Homestead
Utilities: Cable Available
Outdoor Living Spaces: Balcony; Porch
Contingencies: Inspection
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Savvy Avenue, LLC
Last Updated: August - 11 - 2026
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