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Residential Income For Sale

1634 9th Street, Riviera Beach, Florida 33404

Property Description

In early 2021, this quadplex received a brand new roof, 4 brand new electrical panels, updated plumbing & 4 brand new central AC units. Unit 4 is completely remodeled (new kitchen cabinets, quartz countertops, new stove, new dishwasher, new bathtub, new vanity). All floors are tiled except unit 2 has carpet. One unit is currently earning $1650, the other units are paying $1500, $1450 & $1400. The projected income ($1650 rent per unit – $12,567 for taxes & insurance (see attached tax return)) is $66,633 which is more than a 7.8% CAP rate. 3 units have long term renters & one unit should be rented at $1800 beginning 02/01/2023. (2 tenants are month to month and 2 tenants’ leases expire in December 2022 & February 2023).Priced to sell & only showing with a signed contract.

Basic Details
Status : Active Under Contract
Listing Type : For Sale
Property Type : Residential Income
Listing ID : RX-10807469
Price : $750,000
Property Sub Type : Quad Plex
Property Title : Residential Income For Sale
Other Interior Features
Square Footage : 3,848 Sqft
Building Area : 0 Sqft
Virtual Tour : Click Here
Year Built : 1971
Lot Area : 8,793 Sqft
Features
Heating System : Central, Electric
Cooling System : Electric, Ceiling Fan, Central
View : Garden
Exterior Features : Fence
Garage Spaces : 0
Roof : Other, Comp Shingle
Waterfront and Boating Details
Waterfront Features : N/a
Address Map
Street : 9th
State : FL
County : Palm Beach
City : Riviera Beach
Zipcode : 33404
Street Number : 1634
Street Suffix : Street
Longitude : W81° 55' 4.4''
Latitude : N26° 46' 14.7''
Floor Number : 0
Directions : Head north on Congress Ave, turn right onto MLK JR BLVD, make your first left on Avenue U, and your first right onto W 9th St.
Lot Features : < 1/4 Acre
Parcel Number : 56434232050020230
MLS Addon
PotentialShortSale : No
DevelopmentName : Harmony Heights
Association Fee : $0
Construction Materials : Stucco, Cbs
Flooring : Tile
HighSchool : Fort Lauderdale
MiddleOrJunior School : Sunrise
Senior Community : No
Subdivision Name : Harmony Heights
Tax Annual Amount : $8,979
Tax Year : 2021
Utilities : Water Available, Public Water, Public Sewer, Electric, Cable
Window Features : Blinds
Zoning : Rs-6
SqFt - Total : 5,280 Sqft
History
OriginalListPrice : $869,900
DOM : 0
Cumulative DOM : 0
Office Name : Seawinds Realty
Agent Name : Dylan Heidrich
ClosePrice : $0
CloseDate :
Residential Income For Sale
  • Listing ID : RX-10807469
  • Square Footage : 3,848 Sqft
$750,000
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