540 West 1st Street

Riviera Beach, FL 33404

$425,000
Price
Beds
1,240 Sq. Ft.
$343 / Sq. Ft.
1,240
Sq. Ft.
$343
per Sq. Ft.

Description

Excellent investment opportunity! . 2 seperate buildings. Front building is 2 bed 1 bath. Rear business is 1 Bed 1 Bath. Fresh paint and roofs in great condition. Roofs replaced in 2014 and 2017. Market Rents 2 bed 1 bath $1,800 - $2,000. 1 bed 1 Bath $1,300 - $1,500Super close to Public marina and boat ramp directly in front of Peanut Island. Close to Port of Palm beach which has huge expansion plans for more cruise ships. 60 New Townhomes being built around the corner. ''Reimagine Riviera Beach''...Excellent investment opportunity! . 2 seperate buildings. Front building is 2 bed 1 bath. Rear business is 1 Bed 1 Bath. Fresh paint and roofs in great condition. Roofs replaced in 2014 and 2017. Market Rents 2 bed 1 bath $1,800 - $2,000. 1 bed 1 Bath $1,300 - $1,500Super close to Public marina and boat ramp directly in front of Peanut Island. Close to Port of Palm beach which has huge expansion plans for more cruise ships. 60 New Townhomes being built around the corner. ''Reimagine Riviera Beach'' would bring in a new city hall, recreation centers, and a public library, among other construction projects on 80 acres. More to come.....
  1. Listed by Michael J Johnston • The Keyes Company • 561-577-0398
  2. Listed by Maby Cuevas • The Keyes Company

Property Details for 540 West 1st Street

Subdivision
RIVIERA BEACH HEIGHTS ADD 4
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of The Keyes Company
Add your commute
LISTING UPDATED: 03/27/2024 06:00 PM

Property Details for 540 West 1st Street

StatusActive
MLS #RX-10971467
Days on Market33
Taxes$3,994 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1959
Lot Size0.12 AC / 5,036 SF
CountyPalm Beach County

Location

Listing Courtesy of The Keyes Company
Add your commute

Building Information for 540 West 1st Street

Stories1Residences-Year Built1959Building Size-Lot Size0.12 AC / 5,036 SF

Payment Calculator

$2,652 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,319

Property Taxes

$333

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 540 West 1st Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Australian Ave to 1st go West
  • Geo Area: Palm Beach 5270; 5280; 5290
  • Street Number: 540
  • Subdivision Complex Bldg: RIVIERA BEACH HEIGHTS ADD 4
  • Municipal Code: Riviera Beach
  • State: FL
  • City Postal ID: 33404
  • MLS Area: 5280
  • MLS Sub Area: PB26
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 5280
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 56434233110002160
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,338
  • Square Ft Source: Tax Rolls
  • Zoning: RS-8(c
Property and Assessments
  • Legal Desc: RIVIERA BEACH HEIGHTS ADD 4 LT 216
  • Sq Ft Liv Area: 1240.0
  • Legal Description: RIVIERA BEACH HEIGHTS ADD 4 LT 216
Utilities
  • Utilities: Cable, Electric
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Ceramic Tile
  • Heating: Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $37,800.00
  • Income & Expenses: Annual Total Expense: $8,000.00
  • Income & Expenses: Gross Operating Inc: $29,800.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,800
  • Unit 1 Info: SqFt: 858.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Kitchen
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,350
  • Unit 2 Info: SqFt: 454.0
  • Unit 2 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 540 West 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 540 West 1st Street

Taxable ValueLand$43,875Additions$135,140Total$179,015
Tax Record2023$3,994 ($333 / month)
Home Facts
Beds3Baths2Total Finished SqFt756 SqFtAbove Grade Finished SqFt756 SqFtStories1Lot Size5,036 SqFtStyleSingle Family ResidenceYear Built1959Year Renovated1971ZoningRS-8CountyPALM BEACHAPN56-43-42-33-11-000-2160

Schools near 540 West 1st Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Public - 4 to 12
Rating
School
Distance
West Riviera Elementary School
PublicPK to 5

William T. Dwyer High School
PublicPK to 12

Howell L. Watkins Middle School
Public6 to 8

Alternative Program Central
Public4 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.

Similar Homes

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540 West 1st Street is a multi-family home for sale in Riviera Beach, FL 33404. This property was listed for sale on March 23, 2024 by The Keyes Company, it's currently listed at $425,000. It has been on the market for a total of 33 days and was last sold on December 15, 2021. This listing's school district is Palm Beach. Nearby schools include West Riviera Elementary School, William T. Dwyer High School and Howell L. Watkins Middle School. 540 West 1st Street is a 0-bed, 0-bath, 1,240 sqft multi-family home built in 1959.

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 The Keyes Company

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.