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461 Silver Beach Road #1, 
Riviera Beach, FL 33403

$900,000


Bed


Bath


3,360

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Michael J Johnston

Maby Cuevas

The Keyes Company

Last updated:

May 29, 2025, 02:24 PM

MLS#

RX-11068125

Source:

RMLS

About This Home

461 Silver Beach Road #1

***ROOF 2025** Owner to have NEW Roof Installed prior to closing** **This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together. 461 silver beach Parcel # 56434228350410020 MLS#: RX-11068125 & 451 silver beach parcel # 56434228350410030 MLS#: RX-11068096. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door) Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric. High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)* Current Lease Details below: **Unit 1: 2 bed 1 bath -lease expires 5/25 - $1,800 per month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath - Vacant **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate UpsideOne vacant unit ready to lease at full market rent Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month Separate Meters: Tenants pay their own utilities, reducing landlord expenses Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values Why Invest in Riviera Beach? Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values Expansion of luxury residential and mixed-use developments, strengthening rental demand New infrastructure projects, including road expansions and commercial growth Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach Ideal for Investors Looking For: Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases Strong Market Appreciation: Rapidly growing area with long-term value potential 1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits

Home Facts

Multi-Family

Built in 1964

Price Summary

900,000

$267 per Sq. Ft.

MLS #:

RX-11068125

Last Updated:

May 29, 2025, 02:24 PM

Added:

3 month(s) ago


Rooms & Interior

Interior

Living Area:

3,360 Sq. Ft.


Structure

Structure

Building Area:

3,876 Sq. Ft.

Year Built:

1964


Lot

Lot Size (Sq. Ft):

8,050


Finances & Disclosures

Finances

Price:

$900,000

Price per Sq. Ft:

$267 per Sq. Ft.

Source:RMLS
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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