Modern Living Group
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$495,000COMING SOON

1225 W 10th Street, Riviera Beach, FL 33404

beds0baths1,680sq ft$295/ sq ft
THE RESIDENCE

About this home

Investment Opportunity in Riviera Beach! This well-positioned multifamily property at 1225 W 10th St offers excellent income potential with approximately $43,000 in annual rental income when fully occupied. The downstairs unit is currently occupied by tenants generating $2,000/month. The upstairs unit recently became vacant due to the tenant relocating for work, providing an immediate opportunity for a new owner to secure a tenant at market rent and maximize income. A great opportunity for investors seeking a multifamily property with strong rental potential and upside.

THE DETAILS

Property details

List Price$495,000
Price / Unit$247,500
Units2
Cap Rate8.69%
Gross Income$48,000/yr
Net Operating Income$43,000
Inside Sq Ft1,680
Year Built1956
ConstructionBlock,Concrete
FlooringCeramicTile,Vinyl,Wood
ZoningRS-8(c
Property TypeDuplex
MLS #B26072141
StatusComing Soon
Original List Price$495,000
GRM10.3
Tenant PaysCable TV, Electricity, Water
Stories2
Show all details (7 more)
Lot Size0.11 acres
WaterfrontNo
ViewGarden
Days on Market2
Annual Taxes$3,337
CityRiviera Beach
Zip Code33404
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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