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451 Silver Beach Road 1, Riviera Beach, FL 33403
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  • MLS#: R11068096 ( Residential Income )
  • Street Address: 451 Silver Beach Road 1
  • Viewed: 30
  • Price: $850,000
  • Price sqft: $219
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 3876
  • Total Baths: 4
  • Additional Information
  • Geolocation: 27 / -80
  • County: PALM BEACH
  • City: Riviera Beach
  • Zipcode: 33403
  • Subdivision: Park Manor 6
  • Provided by: The Keyes Company
  • DMCA Notice
  • Description
    **NEW ROOF's Aug 2025****New Water Heaters****This investment opportunity features two side by side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together. Prefer written offer before bothering other tenants. 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)* Curr **Unit 1: 2 bed 1 bath lease expires 5/26 $1,800 per Month **Unit 2: 2 bed 1 bath lease expires 1/26 $1,700 per month **Unit 3: 2 bed 1 bath lease expires 9/26 $1,700 per month **Unit 4: 2 bed 1 bath lease expires 2/26 $1,800 per month. Immediate Upside One 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
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Features
Building and Construction
  • Flooring: Terrazzo
  • Roof: Composition
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Window/Wall
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
Amenities
  • Association Amenities: Baseball/Softball Field, Boating, Park, Playground, Sidewalks, Street Lights
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Cable TV, Electricity
Other Features
  • Legal Description: PARK MANOR NO 6 LOT 3 BLK 41
  • Parcel Number: 56434228350410030
  • Views: 30
  • Zoning Code: RD-15(
Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com