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540 W 1st Street, Riviera Beach, FL – $400,000

  • 3 Beds
  • 2 Baths
  • 1,338 Sqft
  • .12 Acres
  • 3 Beds
  • 2 Baths
  • 1,338 Sqft
  • .12 Acres

540 W 1st Street

**Excellent Investment Opportunity!** Discover this income-generating property featuring **two separate buildings** Prime location with tremendous growth potential: - **Front Building:** 2 bed, 1 bath, currently vacant but rents at $1,900 per month. . **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,400/month until **June 2025**. Both buildings are freshly painted, with roofs in great condition. **Roofs were replaced in 2014 and 2017.** **Market Rent Potential:** - 2 bed, 1 bath: **$2,000/month** - 1 bed, 1 bath: **$1,600/month** Located just steps from a **public marina and boat ramp** across from Peanut Island, this property is in a high-demand area.The proximity to the **Port of Palm Beach, with its planned expansion to accommodate more cruise ships, ensures increased desirability. Neighborhood Highlights: 60 new townhomes under construction nearby. The city's "Reimagine Riviera Beach" project will bring new amenities, including a city hall, recreation centers, and a public library, transforming 80 acres close to this property. This is your chance to secure a turnkey investment in a rapidly appreciating area with low maintenance and high growth potential! Don't miss out!

Essential Information

  • MLS® #RX-11086710
  • Price$400,000
  • Bedrooms3
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,338
  • Acres0.12
  • Year Built1959
  • TypeMulti-Family
  • Sub-TypeDuplex
  • StyleNo
  • StatusActive

Community Information

  • Address540 W 1st Street
  • Area5280
  • SubdivisionRIVIERA BEACH HEIGHTS ADD 4
  • CityRiviera Beach
  • CountyPalm Beach
  • StateFL
  • Zip Code33404

Amenities

  • UtilitiesCable, 3-Phase Electric
  • WaterfrontNone

Interior

  • HeatingElectric
  • CoolingCeiling Fan, Wall-Win A/C
  • # of Stories1

Exterior

  • Exterior FeaturesNone
  • Lot Description< 1/4 Acre
  • RoofComp Shingle
  • ConstructionCBS

Additional Information

  • Listing Courtesy ofThe Keyes Company
  • Date ListedMay 1st, 2025
  • ZoningRS-8(c
  • Contact Info561-577-0398
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