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2840 Avenue S 4 Unit Apartment Building $1,521,960 CAD ($380,490 CAD/Unit) 6% Cap Rate Riviera Beach, FL 33404
Investment Highlights
- Central Location
- Freshly Painted
- Turnkey. Profitable. Income-Producing.
Executive Summary
Excellent income-producing 4-unit multifamily property in a rapidly growing Riviera Beach location. This fully renovated asset features a desirable unit mix of two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units, offering strong rental demand and attractive cash flow potential. The property includes a private parking lot and is ideally situated just minutes from Singer Island, pristine beaches, shopping, dining, and entertainment. This property benefits from its proximity to the transformative Riviera Beach redevelopment, one of the most anticipated mixed-use developments. Residents enjoy convenient access to new restaurants, retail, nightlife, and employment centers. The area is also near Riviera Beach's waterfront attractions and the broader West Palm Beach growth corridor.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,521,960 CAD | Building Class | C |
| Price Per Unit | $380,490 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,108 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RML12 - RM-15—MULTIPLE FAMILY DWELLING (56-RIVIERA BEACH) | ||
| Price | $1,521,960 CAD |
| Price Per Unit | $380,490 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,108 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | RML12 - RM-15—MULTIPLE FAMILY DWELLING (56-RIVIERA BEACH) |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Microwave
- Ceiling Fans
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 56-43-42-29-01-000-0370 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $815,408 CAD |
Property Taxes
Parcel Number
56-43-42-29-01-000-0370
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$815,408 CAD
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2840 Avenue S
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