511 Silver Beach Road

West Palm Beach, FL 33403

$419,900
Price
Beds
992 Sq. Ft.
$423 / Sq. Ft.
992
Sq. Ft.
$423
per Sq. Ft.

Description

Attention savvy investors and homebuyers! We are excited to present an incredible opportunity to own a two-unit duplex nestled in a prime rental location, being sold AS IS. This unique investment package includes Unit 511, a spacious 2-bedroom, 1-bath residence with a bonus room and laundry facilities, and Unit 515, a cozy 1-bedroom, 1-bath unit with potential for expansion to increase rental income. You can live on one side and earn rental income from the other side. Each unit is separately listed...Attention savvy investors and homebuyers! We are excited to present an incredible opportunity to own a two-unit duplex nestled in a prime rental location, being sold AS IS. This unique investment package includes Unit 511, a spacious 2-bedroom, 1-bath residence with a bonus room and laundry facilities, and Unit 515, a cozy 1-bedroom, 1-bath unit with potential for expansion to increase rental income. You can live on one side and earn rental income from the other side. Each unit is separately listed in the County tax rolls. Sold as a Package Deal - Two-in-One Investment! Respect the privacy of the current tenants! Both units are currently occupied, and we kindly request that you refrain from disturbing the tenants during the sale process. Call Agent Today for info!
  1. Listed by Tracey L Graham • Premier Brokers International

Property Details for 511 Silver Beach Road

Subdivision
SILVER BEACH EAST VILLAGE CONDO
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of Premier Brokers International
Add your commute
LISTING UPDATED: 04/02/2024 06:03 PM

Property Details for 511 Silver Beach Road

StatusPending
MLS #RX-10954979
Days on Market55
Taxes$1,777 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1966
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Premier Brokers International
Add your commute

Building Information for 511 Silver Beach Road

Stories1Residences2Year Built1966Building Size-Lot Size-

Payment Calculator

$2,440 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,292

Property Taxes

$148

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 Silver Beach Road

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: Silver Beach East Village Condominium
  • Directions: North Congress Avenue to Silver Beach Road, go East. Property on the corner of Silver Beach Rd and Avenue H East in Riviera Beach
  • Elementary School: Lake Park Elementary School
  • Middle School: Howell L. Watkins Middle School
  • High School: Palm Beach Gardens High School
  • Geo Area: Palm Beach 5270; 5280; 5290
  • Special Info: Sold As-Is
  • Street Number: 511
  • Subdivision Complex Bldg: SILVER BEACH EAST VILLAGE CONDO, Silver Beach East Village Condominium
  • Municipal Code: Riviera Beach
  • State: FL
  • City Postal ID: 33403
  • MLS Area: 5280
  • MLS Sub Area: PB26
Parking
  • Carport Spaces: 1
Taxes and HOA Information
  • Comm/Trans Brk: 1%
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 5280
  • HOA Amenities: None
  • Lot Description: Corner Lot
  • Parcel ID: 56434228430000010
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 1,052
  • Square Ft Source: Appraisal
  • Zoning: RD-15 MULTI-FAM
Property and Assessments
  • Legal Desc: SILVER BEACH EAST VILLAGE CONDOMINIUM DWELLING UNIT 1-A IN OR1386P329 & UNIT 1-B IN OR1397P582
  • Sq Ft Liv Area: 992.0
  • Legal Description: SILVER BEACH EAST VILLAGE CONDOMINIUM DWELLING UNIT 1-A IN OR1386P329 & UNIT 1-B IN OR1397P582
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Concrete Tile, Wood Truss/Raft
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Central, Electric
  • Flooring: Ceramic Tile
  • Heating: Central, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $18,900.00
  • Income & Expenses: Annual Total Expense: $10,000.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator, Stack Bedrooms, Utility, W/D Hookup
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 875
  • Unit 1 Info: SqFt: 992.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Electric Meter, Kitchen, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $700
  • Unit 2 Info: SqFt: 882.0
  • Unit 2 Parking: Carport - Attached
Rental
Rental Information
  • Pets on Premises: No

Property History for 511 Silver Beach Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 511 Silver Beach Road

Taxable ValueLand$108,885Additions$171,426Total$280,311
Tax Record2023$6,632 ($553 / month)
Home Facts
Baths2Total Finished SqFt1,650 SqFtAbove Grade Finished SqFt1,650 SqFtStories1Lot Size10,154 SqFtStyleDuplexYear Built1959Year Renovated1964ZoningR2CountyPALM BEACHAPN36-43-42-20-01-059-0410

Schools near 511 Silver Beach Road

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

Howell L. Watkins Middle School
Public6 to 8

Palm Beach Gardens High School
Public9 to 12

Inlet Grove Community High School
Charter9 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier Brokers International

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.