Multifamily
Palm Beach Shores Multi-Family | Major Upside | Two Blocks from Beach
1235 Beach Rd, Riviera Beach, FL 33404
Listing Price: $1,400,000
Cap Rate
5.25%
GRM
11.67
Investment Overview
Subject Property Consists of Two Duplexes Situated on Singer Island | Four Vacant Multi-Family Units
Palm Beach Shores Multi-Family | Major Upside | Two Blocks from Beach
Investment Highlights
- Subject Property Consists of Two Duplexes Situated on Singer Island | Four Vacant Multi-Family Units
- Each Unit is a Two Bedroom, One Bath | Each With Separate Electric Meters | Separate Laundry Room on Site with Washer & Dryer
- Tremendous Up-Side Through Leasing up the Four Vacant Units at Market Rents | Strong Rental Demand in the Area
- All Four Units were Upgraded in 2021 with New Wood Flooring, New Bathrooms, New Kitchens, Including Quartz Counter Tops, Backsplash, and Stainless-Steel Appliances | New Roofs were Installed in 2020 and 2023
- Features Concrete Block Construction With Recessed Lighting, Impact Windows and Central AC
- Palm Beach is Home to Some of the Nation's Most Prestigious Resorts, Golf Clubs, and Luxury Hotels.
- Palm Beach Continues to Attract High-Net-Worth Individuals, Seasonal Residents, and Global Investors Seeking the Elegance, Privacy, and Prestige that Only Palm Beach can Offer.
- Palm Beach Continues to Attract High-Net-Worth Individuals, Seasonal Residents, and Global Investors Seeking the Elegance, Privacy, and Prestige that Only Palm Beach can Offer.
Multifamily
Palm Beach Shores Multi-Family | Major Upside | Two Blocks from Beach
Investment Highlights
- Subject Property Consists of Two Duplexes Situated on Singer Island | Four Vacant Multi-Family Units
- Each Unit is a Two Bedroom, One Bath | Each With Separate Electric Meters | Separate Laundry Room on Site with Washer & Dryer
- Tremendous Up-Side Through Leasing up the Four Vacant Units at Market Rents | Strong Rental Demand in the Area
- All Four Units were Upgraded in 2021 with New Wood Flooring, New Bathrooms, New Kitchens, Including Quartz Counter Tops, Backsplash, and Stainless-Steel Appliances | New Roofs were Installed in 2020 and 2023
- Features Concrete Block Construction With Recessed Lighting, Impact Windows and Central AC
- Palm Beach is Home to Some of the Nation's Most Prestigious Resorts, Golf Clubs, and Luxury Hotels.
- Palm Beach Continues to Attract High-Net-Worth Individuals, Seasonal Residents, and Global Investors Seeking the Elegance, Privacy, and Prestige that Only Palm Beach can Offer.
- Palm Beach Continues to Attract High-Net-Worth Individuals, Seasonal Residents, and Global Investors Seeking the Elegance, Privacy, and Prestige that Only Palm Beach can Offer.
Investment Overview
Subject Property Consists of Two Duplexes Situated on Singer Island | Four Vacant Multi-Family Units
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