Modern Living Group
 Unit 1-5
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$769,000ACTIVE

Unit 1-5 · 752 Martin Luther King Boulevard 1-5, Riviera Beach, FL 33404

beds5baths1,944sq ft$396/ sq ft
THE RESIDENCE

About this home

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.

THE DETAILS

Property details

List Price$769,000
Price / Unit$192,250
Units4
Cap Rate8.41%
Gross Income$85,200/yr
Net Operating Income$64,688
Inside Sq Ft1,944
Year Built1930
ConstructionBlock, Frame
FlooringCeramic Tile
ZoningCG(cit
Property TypeQuadruplex
MLS #R11156558
StatusActive
Original List Price$799,000
GRM9.0
Tenant PaysElectricity
Stories1
Show all details (6 more)
Lot Size0.36 acres
WaterfrontNo
Days on Market152
Annual Taxes$7,850
CityRiviera Beach
Zip Code33404
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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