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1634 W 26th Court 1634 W 26th Ct 4 Unit Apartment Building $1,275,480 CAD ($318,870 CAD/Unit) 7.17% Cap Rate Riviera Beach, FL 33404
Investment Highlights
- Steady Rental Income with room to increase rents
- ?4 Units each with 3 Bedrooms and 1 Full Bath ?
- ?Washer & Dryer Hook Ups
- Well Maintained!
- ?Long Term Stable Tenants
- CBS Construction ?Asphalt Composition Roof
Executive Summary
3664 Square Foot - Four-unit apartment building with an asking price of $900,000.00.? This property features 4 units each with 3 bedrooms and 1 full bath.? The property has long-term, stable tenants and is CBS-constructed, with an asphalt-composition roof and wood trusses.? Each unit has washer & dryer hookups provided and separate central AC/heating units.? Built in 1986, the property features ceramic/quarry tile and carpet floors with drywall interior walls.? The property is zoned RM-15 Riviera Beach and sits on a .19 acre lot.?
Market rents are below market for this property.? Market research shows that Section 8/Affordable Housing routinely approves $2,100.00 for 3-br/1-ba units.? Market rate rents are commanding up to $2,550.00/Month.?
Market rents are below market for this property.? Market research shows that Section 8/Affordable Housing routinely approves $2,100.00 for 3-br/1-ba units.? Market rate rents are commanding up to $2,550.00/Month.?
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,725
|
$29.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,725
|
$29.94
|
| Taxes |
$17,538
|
$4.39
|
| Operating Expenses |
$5,102
|
$1.28
|
| Total Expenses |
$22,640
|
$5.66
|
| Net Operating Income |
$97,085
|
$24.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,725 |
| Annual Per SF | $29.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,725 |
| Annual Per SF | $29.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,538 |
| Annual Per SF | $4.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,102 |
| Annual Per SF | $1.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,640 |
| Annual Per SF | $5.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,085 |
| Annual Per SF | $24.28 |
Property Facts
| Price | $1,275,480 CAD | Building Class | C |
| Price Per Unit | $318,870 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,999 SF |
| Cap Rate | 7.17% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM15 - Multi-Family Dwellings less than 5 units - Riviera Beach | ||
| Price | $1,275,480 CAD |
| Price Per Unit | $318,870 CAD |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,999 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 3/1,000 SF |
| Zoning | RM15 - Multi-Family Dwellings less than 5 units - Riviera Beach |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $2,679 CAD | 855 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 56-43-42-29-25-000-0080 | Total Assessment | $819,254 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $17,538 CAD ($4.39 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
56-43-42-29-25-000-0080
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$819,254 CAD
Annual Taxes
$17,538 CAD ($4.39 CAD/SF)
Tax Year
2025 Payable 2025
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1634 W 26th Court | 1634 W 26th Ct
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