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836 DR MARTIN LUTHER KING JR BLVD. Riviera Beach, FL 33404
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Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $260
Subdivision Inlet City In
MLS Listing ID T3462081
Sold Date 09/25/23
Bedrooms 5
HOA Y/N No
Originating Board Stellar MLS
Year Built 1958
Annual Tax Amount $5,738
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Welcome to your investment opportunity in Riviera Beach, Florida – a captivating Triplex property that promises to elevate your real estate portfolio to new heights! This immaculate property boasts three thoughtfully designed and FULLY OCCUPIED rental units, promising a steady stream of $49,200 in annual income from day one. With 7 mins to Singer Island outlets and beach, this exceptional investment opportunity presents a remarkable combination of location, versatility, and income potential. Featuring three rental units two (2) 2 bedroom/one (1) bath units and one (1) one bedroom/1 bath unit, this property offers a diverse range of living arrangements to cater to various lifestyles and preferences, providing you with the opportunity to maximize your investment returns. With all three units occupied and well-maintained, this property offers an immediate revenue stream, making it an enticing prospect for investors. Furthermore, the current rent is under market so there is a potential for increased rental income, enabling you to maximize your return on investment. Whether you are a seasoned investor looking to expand your portfolio or a homeowner seeking an opportunity to generate passive income, this Triplex is a rare find that perfectly encapsulates the real estate investment market. Don't miss out and let this property's true potential captivate you and unlock a world of possibilities! Property sold as is.
Location
State FL
County Palm Beach
Community Inlet City In
Zoning DR
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Terrazzo
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Cable Available, Electricity Available
Roof Type Shingle
Porch Porch
Garage false
Private Pool No
Building
Foundation Block
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE