Sold
Last Sold Price
10 beds3,108 sqft
2840 Avenue Riviera Beach, Riviera Beach, FL 33404
Multi FamilyProperty Type
1965Year Built
$193/sq ftPrice per sq ft

Description

Prime Real Estate investment with 4 units, a total of 10 beds/4baths & 7 parking spaces. 2 X 3 bed/1 bth and 2 X 2 bed/1 bth. All units have separate electric & water meters. Built in 1965 its 3108 sq ft & on 0.2040 acres. Units all remodeled in 2016 with impact windows, new AC, water heaters, kitchens, appliances, flooring & electrical. New Roof in 2018 & all external sewer pipes replaced 2021. Units are currently rented. The 3 bed units rent at $1300 ea per mth and the 2 bed units at $1000. Gross...Prime Real Estate investment with 4 units, a total of 10 beds/4baths & 7 parking spaces. 2 X 3 bed/1 bth and 2 X 2 bed/1 bth. All units have separate electric & water meters. Built in 1965 its 3108 sq ft & on 0.2040 acres. Units all remodeled in 2016 with impact windows, new AC, water heaters, kitchens, appliances, flooring & electrical. New Roof in 2018 & all external sewer pipes replaced 2021. Units are currently rented. The 3 bed units rent at $1300 ea per mth and the 2 bed units at $1000. Gross income of $4600 per mth/$55200 per year. A Cap rate of over 9% on the gross income. Bus stop outside, store next door, schools close by. Major Shopping also conveniently located nearby. Great location and easy to rent. Do not disturb tenant
  • Listed by: Moe Mossa 888.490.1268 moe@remoe.com Brokerage DRE #1057720 • Savvy Avenue, LLC
Listing closed: 01/31/2022 12:00 AM • Source: Beaches MLS, MLS#: F10303180

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Location

Listing Courtesy of Savvy Avenue, LLC

Sold By Ibero Property Management & Real Estate Services

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Payment Calculator

$3,616 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,203

Property Taxes

$412

HOA Dues

$0

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Property Information for 2840 Avenue Riviera Beach

Property Details
  • Taxes: $4,949 / year
  • MLS Type: Residential Income / Quadruplex
  • Furnished: Unfurnished
  • Waterfront: No
  • Style: No Pool/No Water
  • Year Built Numeric: 1965
  • Subdivision: Acrehome Park
Building Information
  • Stories: 1
  • Year Built: 1965
Summary
Location and General Information
  • Area: 5280
  • City and Location Text: Riviera Beach
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.785971
  • Information Available: Copy Of Lease(s), Deposit - Security
  • MLS Area: 5280
  • MLS Sub Area: PB22, Palm Beach 5500; 5510
  • Postal Code: 33404
  • State: FL
  • Street #: 2840
  • Subdivision Complex Bldg: Acrehome Park
  • Complex Name: Acrehome Park
  • Zoning: RML12
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: ACREHOME PARK LT 37 TRGLR PT OF S 1/2 OF BASEBALL PARK IN OR26382P767 & ABND PT OF 10 FT ACREHOME AVE LYG BET (LESS N 5 FT 28TH ST
  • Parcel ID: 56434229010000370
  • Parcel Number MLX: 0370
  • Tax Information: City/County, No Homestead
  • Tax Year: 2020
  • Taxes: $4,949
  • Total Assessed Value: $229,246.00
Property
Lot Information
  • Acreage Description: Less Than 1/4 Acre Lot
  • Property Condition: Resale
  • Sq Ft Liv Area: 3108.0
  • Total Floors in Bldg: 1.00
  • Property Type: Residential Income, Quadruplex
Property and Assessments
  • Avail Docs: Copy Of Lease(s), Deposit - Security
  • Construction Type: Quadruplex, Tar/Gravel, Resale, Block
  • Document Count: 1
  • Legal Description: ACREHOME PARK LT 37 TRGLR PT OF S 1/2 OF BASEBALL PARK IN OR26382P767 & ABND PT OF 10 FT ACREHOME AVE LYG BET (LESS N 5 FT 28TH ST
  • Management Co: No
  • Type: Quadruplex
  • Year Built Description: 1965
Utilities
  • Cable Available: Yes
  • On Site Utilities: Cable Available
  • Sewer Description: Public Sewer
  • Utilities: Cable Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: Yes
  • Construction: Block
  • Exterior Features: Balcony
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Tar/Gravel
  • Roof Description: Tar/Gravel
  • Patio And Porch Features: Porch
Interior Features
  • Baths Total: 0
  • Column Description: Block
  • Cooling: Central Air
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Heating: Central, Separate Meters
  • Heating Description: Separate Meters, Central
  • Num Stories: 1
  • Numof Units: 1
  • PatioFeatures: Balcony, Porch
  • Stories: 1.0
Multi Family
Multi Family Information
  • Unit Count: 1
Income & Expenses
  • Maintenance Includes: Maintenance Grounds
  • Exp Incl Lawn Maintenance: Yes
  • Exp Incl Pool Service: No
Unit Information
Unit 1
  • Currently Leased YN: Yes
  • Actual Rent: $4,600.00
  • Baths Full: 4
  • Baths Half: 0
  • Beds Total: 10
  • Efficiency YN: No
  • Furnished: Unfurnished
Rental
Rental Information
  • DXORIGMLNO: FLL
  • Possession Information: Negotiable
  • Rental Price/SqFt: $192.73

Property History for 2840 Avenue Riviera Beach

DateEvent & SourcePriceAppreciation
Jan 31, 2022

Sold

Beaches MLS #F10303180

$600,000—
Jan 6, 2022

Pending

Beaches MLS #F10303180

—
Oct 4, 2021

Listed (Active)

Beaches MLS #F10303180

$599,000—
DateEvent & SourcePrice
01/31/2022

Sold

Beaches MLS #F10303180

$600,000
01/06/2022

Pending

Beaches MLS #F10303180

—
10/04/2021

Listed (Active)

Beaches MLS #F10303180

$599,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2840 Avenue Riviera Beach

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington Elementary Magnet School
PublicPK to 5

John F. Kennedy Middle School
Public6 to 8

Palm Beach Gardens High School
Public9 to 12

Suncoast Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Savvy Avenue, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.