About 461 Silver Beach Road #1
**This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door) Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric. High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)* Current Lease Details below: **Unit 1: 2 bed 1 bath -lease expires 5/25 - $1,800 per month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath - Vacant **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate UpsideOne vacant unit ready to lease at full market rent Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month Separate Meters: Tenants pay their own utilities, reducing landlord expenses Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values Why Invest in Riviera Beach? Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values Expansion of luxury residential and mixed-use developments, strengthening rental demand New infrastructure projects, including road expansions and commercial growth Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach Ideal for Investors Looking For: Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases Strong Market Appreciation: Rapidly growing area with long-term value potential 1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits
Features of 461 Silver Beach Road #1
| MLS® # | RX-11068125 |
|---|---|
| Price | $900,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,876 |
| Acres | 0.18 |
| Year Built | 1964 |
| Type | Multi-Unit |
| Sub-Type | Quad Plex |
| Style | No |
| Status | Active |
Community Information
| Address | 461 Silver Beach Road #1 |
|---|---|
| Area | 5270 |
| Subdivision | PARK MANOR 6 |
| City | Riviera Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33403 |
Amenities
| Utilities | 3-Phase Electric, Public Sewer, Public Water |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Window/Wall |
|---|---|
| Cooling | Wall-Win A/C |
| # of Stories | 1 |
Exterior
| Exterior Features | Covered Patio |
|---|---|
| Lot Description | < 1/4 Acre |
| Roof | Comp Shingle |
| Construction | CBS |
Additional Information
| Zoning | RD-15( |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | The Keyes Company |
|---|---|
| Phone | (561) 577-0398 |