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1235 Beach Rd
West Palm Beach, FL 33404
Palm Beach Shores Multi-Family | Major Upside · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Subject Property Consists of Two Duplexes Situated on Singer Island | Four Vacant Multi-Family Units
- Tremendous Up-Side Through Leasing up the Four Vacant Units at Market Rents | Strong Rental Demand in the Area
- Features Concrete Block Construction With Recessed Lighting, Impact Windows and Central AC
- Each Unit is a Two Bedroom, One Bath | Each With Separate Electric Meters | Separate Laundry Room on Site with Washer & Dryer
- All Four Units were Upgraded in 2021 with New Wood Flooring, New Bathrooms, New Kitchens, Including Quartz Counter Tops, Backsplash, and more
- One Block to Riviera Beach, Restaurants, and Shopping | Walking Distance to Sailfish Marina Resort and HAVN Yacht Club
EXECUTIVE SUMMARY
Introducing the captivating Riviera Beach Beach Access Seaside Bar & Grill, a fantastic investment opportunity located at 1235 BEACH RD 1, Riviera Beach, FL 33404. This Palm Beach Shores multi-family property boasts two duplexes near Singer Island, featuring four vacant, beautifully upgraded two-bedroom, one-bath units with separate meters and laundry facilities on-site. The recent renovations include new wood flooring, bathrooms, kitchens with quartz countertops, and stainless-steel appliances, as well as impact windows and central AC. With close proximity to Riviera Beach, restaurants, shopping, and key attractions like Sailfish Marina Resort and Yacht Club, this property offers strong rental demand in a sought-after location for high-net-worth individuals and global investors. Enjoy the vibrant lifestyle of Palm Beach, with prestigious resorts, golf clubs, and luxury hotels nearby. Managed by ownership and offering a 5.25% CAP rate, don't miss the opportunity to own a piece of this thriving market and unlock the potential this property holds.
PROPERTY FACTS
| Price Per Unit | $481,911 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.25% | Building Size | 2,556 SF |
| No. Units | 4 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1958/2021 |
| Apartment Style | Single-Family Home | Parking Ratio | 2.74/1,000 SF |
| Zoning | DG - County | ||
| Price Per Unit | $481,911 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 2,556 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2021 |
| Parking Ratio | 2.74/1,000 SF |
| Zoning | DG - County |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Pantry
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 597 - 681 |
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