$120,000
Riviera Beach, 33404
MLS# R2405547
Status: Closed
1959 sqft
1 / 1
Property Description
GREAT OPPORTUNITY TO OWN A STRONG INCOME PRODUCING TRIPLEX IN THE HEART OF RIVIERA BEACH'S REDEVELOPMENT DISTRICT. UNITS ARE ALWAYS AT 100% OCCUPANCY AND ARE IN EXCELLENT CONDITION. THERE IS A SIGNIFICANT OPPORTUNITY TO INCREASE VALUE BY RAISING RENTS TO MARKET. PRESENTLY CONSTRUCTION HAS STARTED ON A CONDO DEVELOPMENT ($300,000 PER UNIT) AT THE END OF THE STREET. THIS PROPERTY IS BEING SOLD AS A PACKAGE WITH MLS#2405508, HOWEVER THE OWNER WILL CONSIDER SELLING EACH PROJECT SEPARATELY. PLEASE
Details
Maps
Contract Information
Comp Sale YN: No
Owner Phone: 561-523-5140
Listing Date: 2004-02-02
Status: Closed
Original List Price: 119900
Sold Price: $120,000
Current Price: $120,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Riviera Beach
Postal Zip: 33404
Geographic Area: PB26
Special Assessment YN: No
Country: United States
Street Number: 49
Street Direction Prefix: E
Street Name: 27TH
Postal Code: 33404
Subdivision Name: INLET SHORES PL 2 IN
Area: 5280
Parcel Number: 56434228130000560
Zoning: MULTI
Directions: I95 TO BLUE HERON, EAST TO BROADWAY, NORTH TO 27TH, EAST TO PROPERTY
General Property Information
Number Of Units Total: 3
Living Area Main: 1959
Lot Size Dimensions: .112
Senior Community YN: No
Stories: 1
Pool Private YN: No
LP/Assessed Value: 1.95
Property Sub Type: Triplex
Building Area Main: 1959
Year Built: 1956
Financial Information
Tax Assessed/SOH Value: 64056
Tax Annual Amount: 1787
Tax Year: 2003
Tax Legal Description: INLET SHORES NO 2 LT 56
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2004-02-20T14:06:14Z
Major Change Type: Contingency
Price Change Timestamp: 2004-02-02T14:06:14Z
Status Change Date: 2004-04-13
Under Contract Date: 2004-03-15
Close Date: 2004-04-12
Close Price: 120000
Association Amenities
None: 1
Electric
Three Phase: 1
Exterior Features
None: 1
Flooring
Carpet: 1
Terrazzo: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Security: 1
Deposit Held: 1
Investment Analysis: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: No
Tenant Pays
Common Area Maintenance: 1
Electricity: 1
Possession
Close Of Escrow: 1
Heating
Window/Wall: 1
Water Access
None: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Will Carry: 1
Roof
Composition: 1
Income and Expenses
Annual Total Expense: 5540
Gross Income: 15720
Net Operating Income: 10180
Source Of Expenses
Owner Provided: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Call Owner: 1
Pool Size Details
Pool Size (WxL): 0 X 0
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 475
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 850
Unit 1 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 1 Parking Features
Open Parking: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 425
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 550
Unit 2 Other Equipment
Air Conditioning Unit: 1
Smoke Detector(s): 1
Unit 2 Parking Features
Open Parking: 1
Unit 3 Details
Actual Rent: 0
Baths Full: 1
Beds Total: 1
SqFt: 550
Price Calculations
Current Price To SqFt: 61.25
Original List Price To Close Price: 0.99
Acreage Description
Less Than 1/4 Acre Lot: 1
Originating Details
Originating System Key: 20130214035147538810000000
Originating System ID: M00000170
Property Features
Association Amenities: None
Documents Available: Copy Of Lease(s); Deposit - Security; Deposit Held; Investment Analysis
Electric: Three Phase
Exterior Features: None
Flooring: Carpet; Terrazzo
Tenant Pays: Common Area Maintenance; Electricity
Source Of Expenses: Owner Provided
Construction Materials: CBS
Cooling: Wall/Window Unit(s)
Heating: Window/Wall
Listing Terms: Cash; Conventional; Owner Will Carry
Possession: Close Of Escrow
Restrictions: No Restrictions
Roof: Composition
Tax Information: City/County
Water Access: None
Showing Requirements: Call Owner
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 1 Parking Features: Open Parking
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s)
Unit 2 Parking Features: Open Parking
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Hudson Realty Of The Plm Bchs
Last Updated: August - 06 - 2026
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