True 5-unit income-producing property offering strong cash flow and exceptional value-add potential. The building consists of five (5) 1-bedroom / 1-bath units, all with separate electric meters, providing ease of management and individual utility billing. Located on a General Commercial zoned lot, this property allows for a wide range of redevelopment and expansion opportunities, including the potential to add additional units (buyer to verify). The property is situated within a CRA (Community Redevelopment Area) and a designated Opportunity Zone, making it especially attractive for investors seeking tax advantages and long-term appreciation.
| MLS # | R11156558 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 226 |
| Listing Provided By | Troy Estates LLC | Fahrettin B Ergel |
| SQ Feet | 1,944 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | CG(cit |
| Acreage | 0.36 |
| Lot Features | Quarter To Half Acre Lot |
|---|
| Tax Annual Amount | 7850 |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | Riviera Beach |
| Zip Code | 33404 |
| Area | 5280 |
| Subarea | Palm Beach 5270; 5280; 5290 |
| Community Name | INLET CITY |
| Listing VS Median (in INLET CITY) | |
Price: $769,000 low | high Med: $104,100 sqft: 1,944 low | high Med: 964 $ / sqft: $396 low | high Med: $165 On site: 226 low | high Med: 162.5 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | Riviera Beach |
| Zip Code | 33404 |
| Area | 5280 |
| Subarea | Palm Beach 5270; 5280; 5290 |
| Community Name | INLET CITY |
| Listing VS Median (in INLET CITY) | |
Price: $769,000 low | high Med: $104,100 sqft: 1,944 low | high Med: 964 $ / sqft: $396 low | high Med: $165 On site: 226 low | high Med: 162.5 | |