Bought with Buccaneer Realty Global Inc
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1681 Silver Beach RD 1 Riviera Beach, FL 33404
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Key Details
Sold Price $660,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $146
Subdivision Acrehome Park First Add
MLS Listing ID RX-10521836
Sold Date 05/31/19
Construction Status Resale
Abv Grd Liv Area 26
Year Built 1965
Annual Tax Amount $4,142
Tax Year 2018
Lot Size 0.360 Acres
Property Description
8 Unit investment Opportunity In Lake Park Across the street from the Army Reserve and Walmart. Each Unit Is Individually metered for water and swear. Current Cap Rate is 7.22% with a Cash On Cash Return Of 9.02%.
Location
State FL
County Palm Beach
Area 5280
Zoning RD-15(
Interior
Heating Window/Wall
Cooling Wall-Win A/C
Flooring Ceramic Tile
Fireplaces Type None
Exterior
Utilities Available Separate Meter
Waterfront No
Roof Type Comp Shingle
Building
Story 100.00
Foundation Block, CBS
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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