Modern Living Group
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$1,080,000ACTIVE

109 W 14th Street, Riviera Beach, FL 33404

beds0baths
THE RESIDENCE

About this home

Turnkey Multifamily Development | Site Plan Approved | Permit Package Ready 109, 117 & 125 W 14th St, Riviera Beach, FL 33404. A rare, shovel-ready multifamily opportunity in the thriving redevelopment zone of Riviera Beach. This three-parcel assemblage is fully entitled and comes with a permit Submittal ready construction package, ideal for investors or developers seeking a ready to go development. The project consists of a two-story, 8-unit building featuring modern layouts and a strategic mix of unit types perfectly aligned with rental market demand. Total Units: 8 - (4) Three-Bedroom / Two-Bath Units (~$3,260 Market | $2,860 HCV) - (4) Two-Bedroom / Two-Bath Units (~$2,420 Market | $2,190 HCV)- Parking: 11 Off-Street Spaces. Total Rentable SF (Estimated): ~9,600 SF. Land Size: Approx. 0.41 Acres Key Location Drivers: Marina Village Expansion: $375M+ revitalization of Riviera Beach Marina District including mixed-use, retail, hotel, and residential. Oculina Bank Headquarters Project: Major commercial redevelopment just blocks away, creating employment and foot traffic. Strategic Proximity: Port of Palm Beach, US-1, Blue Heron Blvd, I-95, and major employment nodes. Exit Strategies: Build-to-Rent with strong cash flow via market or voucher leasing Build-and-sell to institutional buyer at stabilization (6-7.5% cap rate) Condo exit potential with individual unit sales post-CO Offering Details: Sale Price: $1,080,000 Delivery: As-Is, Site Plan Approved with Permit Package Ready for Submital Zoning: Multifamily Residential Utilities: Accessible and Available

THE DETAILS

Property details

Price$1,080,000
Lot Size0.41 acres
Lot Sq Ft17,860
Price / Acre$2,634,146
ZoningOP(cit
Lot FeaturesCity Lot, Quarter To Half Acre Lot
Water SourcePublic
SewerPublic Sewer
Days on Market365
Property TypeLand
StatusActive
MLS #R11099262
Original List Price$1,080,000
SubdivisionRIVIERA IN PB 2
WaterfrontNo
Annual Taxes$1,156
Direction FacesNorth
CityRiviera Beach
Show all details (2 more)
Zip Code33404
UtilitiesCable Available, Electricity Available, None, Sewer Available, Water Available
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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