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 34 ST Riviera Beach, FL 33404
1 Bed
2 Baths
8,000 SqFt
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $212
Subdivision B And G Homes
MLS Listing ID RX-10831855
Bedrooms 1
Full Baths 2
Year Built 1979
Annual Tax Amount $20,000
Tax Year 2021
Property Description
The 34th Street Portfolio consists of four properties w/ 12 units total 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 Bath The 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 property
Location
State FL
County Palm Beach
Area 5280
Zoning RS-6(c
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile
Exterior
Exterior Feature Awnings, Open Patio, Shed
Community Features Sold As-Is
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available Common Laundry, Sidewalks
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Building
Lot Description 1 to < 2 Acres, Paved Road, Public Road, Sidewalks, West of US-1
Story 1.0
Foundation CBS, Frame
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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