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25 W 34 Street

Riviera Beach, FL 33404
  • $1,925,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: RX-10831855
UPDATED: 72 min ago
$1,925,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,000
    SQFT
  • $241
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

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

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www.ewm.com/homes/133068908
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25 W 34 Street Riviera Beach, FL 33404

  • Price: $1,925,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 72 min ago
  • MLS #: RX-10831855
0
Beds
0
Baths
0
½ Baths
N/A
Acres
8,000
SQFT
$241
$/SQFT
1979
Built
Neighborhood:
B And G Homes
County:
Palm Beach
Area:
Riviera Beach
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
Exterior Features

Carport Spaces 3.00 Construction CbsFrame Exterior Features AwningsOpen PatioShed Lot Description 1 To < 2 AcresPaved RoadPublic RoadSidewalksWest Of Us-1 Private Pool YN No Roof Comp Shingle Unit1 Parking Carport - Detached Unit2 Parking Carport - Detached Unit3 Parking Carport - Detached Unit4 Parking Carport - Detached Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring Ceramic Tile Heating Central Unit1 Bedrooms 1 Unit1 Desc A/C UnitElectric Meter Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 700 Unit2 Desc A/C UnitElectric Meter Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 700 Unit3 Desc A/C UnitElectric Meter Unit3 Sq Ft 700 Unit4 Desc A/C UnitElectric Meter Unit4 Sq Ft 700

Property Features

Annual Net Operating Income 105970.00 Annual Total Expenses 59945.00 Auction No Available Info Deposit Last MonthInvestment AnalysisLeases Built Desc Resale Gated Community No Gross Operating Income 165916.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes Water Multifamily Type Quad Plex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 8000.00 Subdivision Amenities Common LaundrySidewalks Tax Amount 20000.00 Tax Year 2021 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventionalExchange Unit1 Monthly Income 1350.00 Unit2 Monthly Income 1350.00 Unit3 Monthly Income 1350.00 Unit4 Monthly Income 1350.00 Utilities CableElectricPublic SewerPublic Water Zoning Rs-6(C

Listing provided courtesy of 49 Units, Llc: (561) 600-5350. Listing information © 2022 BeachesMLS
 
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