540 W 1st Street Riviera Beach FL 33404 MLS #RX-11051682

540 W 1st Street
Riviera Beach, FL, 33404
$420,000
Beds
0 Baths
1,338 SqFt
0.12 Acres
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**Excellent Investment Opportunity!** Discover this income-generating property featuring **two separate buildings** Prime location with tremendous growth potential: – **Front Building:** 2 bed, 1 bath, currently rented at **$1,850/month until 9/30/25**. **New A/C and ducts installed in October 2024.** – **Rear Building:1 bed, 1 bath, rented at $1,350/month until **February 2025**. Both buildings are freshly painted, with roofs in great condition. **Roofs were replaced in 2014 and 2017.** **Market Rent Potential:** – 2 bed, 1 bath: **$2,000/month** – 1 bed, 1 bath: **$1,600/month** Located just steps from a **public marina and boat ramp** across from Peanut Island, this property is in a high-demand area.

Property Details

Price:
$420,000
MLS #:
RX-11051682
Status:
Active
Baths:
0
Address:
540 W 1st Street
Type:
Residential Income
Subtype:
Duplex
Subdivision:
RIVIERA BEACH HEIGHTS ADD 4
City:
Riviera Beach
Listed Date:
Jan 13, 2025
State:
FL
Finished Sq Ft:
1,338
ZIP:
33404
Lot Size:
5,034 sqft / 0.12 acres (approx)
Year Built:
1959
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Cynthia Nalley is Co-Broker of Acquire Palm Beach and manages the business operations in addition to real estate transactions. She is a Project Management Professional (PMP) who has created technology systems and managed complex projects for SunTrust, Citibank, JP Morgan Chase, and many more. Cynthia is a longtime Downtown West Palm Beach resident and advocate. She serves on the WPB Downtown Development Authority Board of Directors and is Vice President of the WPB Downtown Neighborhood Associa…

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Schools

Interior

Cooling
Ceiling Fan, Wall- Win A/ C
Flooring
Ceramic Tile
Heating
Electric

Exterior

Construction
C B S
Exterior Features
None
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Comp Shingle
Waterfront Details
None

Financial

Gross Operating Income
$38,400
H O A Fee
$0
Net Operating Income
$30,400
Taxes
$0
Utilities
Cable, Electric

Map

Community

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