540 W 1st Street Riviera Beach FL 33404 MLS #RX-11023483

540 W 1st Street
Riviera Beach, FL, 33404
$424,000
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:
$424,000
MLS #:
RX-11023483
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:
Sep 24, 2024
State:
FL
Finished Sq Ft:
1,338
ZIP:
33404
Lot Size:
5,036 sqft / 0.12 acres (approx)
Year Built:
1959
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Michael Cuevas

Michael Cuevas

Broker Owner

Phone 561 578-2320

Michael has helped hundreds of people acquire and sell properties in Palm Beach County, Florida over the last 10+ years. He has surrounded himself with industry professionals that allow his clients to thrive in our ever-changing real estate landscape. After graduating from the University of Wisconsin, Michael migrated to South Florida in 2005 to join his family and escape the cold weather. He began his real estate career in Southwest Florida as a manager for a real estate developer in new home…

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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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Listing courtesy of The Keyes Company, (561)–220–0550

© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-12-23.
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