Bought with Douglas Elliman (Palm Beach)
$1,700,000
$1,850,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
25 W 34th ST Riviera Beach, FL 33404
13 Baths
1,613 SqFt
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 1,613 sqft
Price per Sqft $1,053
Subdivision B And G Homes
MLS Listing ID RX-10829378
Year Built 1979
Annual Tax Amount $3,120
Tax Year 2021
Lot Size 1.000 Acres
Property Description
The 34th Street Portfolio consists of four properties on 34th Street all within one block of each other. New ownership will benefit from strong cash flow and economies of scale immediately at takeover from this package sale.Unit Mix:(3) Studios(7) One Bedroom/One Bath(1) Two Bedroom/One Bath(1) Two Bedroom/Two BathThe property systems have been well maintained by current ownership and have passed four-point inspections recently in order to receive property insurance coverage.Long-term tenants make up the bulk of the rent roll, with a number of tenants of 10+ years. In-place rents are priced below market rents.An outbuilding on 25 W 34th street serves as a maintenance shop/supply storage room, a great convenience for the management and maintenance of the pr
Location
State FL
County Palm Beach
Area 5280
Zoning RS-6(c
Interior
Heating Central, Window/Wall
Cooling Central, Wall-Win A/C
Flooring Tile
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Cable, Electric, Municipal Water, Public Sewer, Separate Meter
Roof Type Comp Shingle
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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