$415,000
$425,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
461 Silver Beach RD #1 Riviera Beach, FL 33403
2 Baths
1,680 SqFt
Key Details
Sold Price $415,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $247
Subdivision Park Manor 6
MLS Listing ID R11111891
Year Built 1964
Annual Tax Amount $6,225
Tax Year 2024
Lot Size 8,276 Sqft
Property Sub-Type Duplex
Property Description
****Brand New Roofs (August 2025)*** New Water Heaters Installed** — major capital improvements have already been taken care of, offering peace of mind for investors.
Welcome to 461 Silver Beach Road, a well-maintained duplex located in a high-demand rental area of Riviera Beach. Each unit is currently leased at \$1,800/month with long-term tenants in place. Market rents are estimated at \$2,000/month, providing strong upside potential.
Each unit is separately metered for electricity, with tenants paying their own utilities, keeping operating costs low. This property features solid, long-term leases, new water heaters, and a strong rental history. Located just minutes from the Riviera Beach Marina redevelopment, Singer Island, Palm Beach Gardens, and Downtown West Palm Beach. This area is seeing rapid infrastructure expansion and commercial growth.
Ideal for investors seeking dependable cash flow, long-term appreciation, or a 1031 exchange opportunity.
The duplex next door at 451 Silver Beach Rd is also available for sale at the same price. MLS RX-11068096. Purchase one or both.
Please do not disturb tenants. Drive-by only prior to scheduled showings.
Location
State FL
County Palm Beach
Community Boat Facilities, Street Lights
Area 5270
Zoning RD-15(
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Terrazzo
Exterior
Exterior Feature Outdoor Living Area
Community Features Boat Facilities, Street Lights
Utilities Available Sewer Available, Water Available
Amenities Available Boating, Playground, Park, Sports Fields, Sidewalks
Waterfront Description None
Roof Type Composition
Building
Lot Description < 1/4 Acre
Sewer Public Sewer
Water Public
Structure Type Block
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools John F. Kennedy (Palm Beach)
High Schools Palm Beach Gardens
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Innocent Ville Citadelle R E Investments
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