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25 W 34th Street

Riviera Beach, FL 33404
  • $1,850,000
  • STATUS: Active Under Contract
  • ON SITE: 91 Days
  • MLS #: RX-10829378
Under Contract
UPDATED: 63 min ago
$1,850,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,613
    SQFT
  • $1,147
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1979
County:

School Ratings & Info

Description

The 34th Street Portfolio consists of four properties on 34th Street all within one block of each other. New ownership will benefit from strong cash flow and economies of scale immediately at takeover from this package sale.Unit Mix:(3) Studios(7) One Bedroom/One Bath(1) Two Bedroom/One Bath(1) Two Bedroom/Two BathThe property systems have been well maintained by current ownership and have passed four-point inspections recently in order to receive property insurance coverage.Long-term tenants make up the bulk of the rent roll, with a number of tenants of 10+ years. In-place rents are priced below market rents.An outbuilding on 25 W 34th street serves as a maintenance shop/supply storage room, a great convenience for the management and maintenance of the prExtra income opportunities are present, including several storage closets not currently producing income. On-site coin laundry produces an extra stream of income. Riviera cove, D.R. Horton townhome project, was recently completed immediately south of 34th street and sold out quickly. See the economic development section for information on Riviera Beach, its economy, and development.

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www.daltonwade.com/homes/132781344
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25 W 34th Street Riviera Beach, FL 33404

  • Price: $1,850,000
  • Status: Active Under Contract
  • On Site: 91 Days
  • Updated: 63 min ago
  • MLS #: RX-10829378
0
Beds
0
Baths
0
½ Baths
1
Acres
1,613
SQFT
$1,147
$/SQFT
1979
Built
Neighborhood:
B And G Homes
County:
Palm Beach
Area:
Riviera Beach
Property Description
The 34th Street Portfolio consists of four properties on 34th Street all within one block of each other. New ownership will benefit from strong cash flow and economies of scale immediately at takeover from this package sale.Unit Mix:(3) Studios(7) One Bedroom/One Bath(1) Two Bedroom/One Bath(1) Two Bedroom/Two BathThe property systems have been well maintained by current ownership and have passed four-point inspections recently in order to receive property insurance coverage.Long-term tenants make up the bulk of the rent roll, with a number of tenants of 10+ years. In-place rents are priced below market rents.An outbuilding on 25 W 34th street serves as a maintenance shop/supply storage room, a great convenience for the management and maintenance of the prExtra income opportunities are present, including several storage closets not currently producing income. On-site coin laundry produces an extra stream of income. Riviera cove, D.R. Horton townhome project, was recently completed immediately south of 34th street and sold out quickly. See the economic development section for information on Riviera Beach, its economy, and development.
Exterior Features

Roof Comp Shingle

Interior Features

Bath Toilets 13.00 Cooling CentralWall-Win A/C Flooring Tile Heating CentralWindow/Wall Percent Air Conditioned 100.00

Property Features

Auction No Available Docs Aerial Available Info ContractsCopies Of LeaseDeedOwner ManagedPhotosTax Return Contingent Active Under Contract Contingents AppraisalFinancingInspection Fire Protection Smoke Alarm For Lease No For Sale Yes Lease AnnualMonth To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 3120.66 Tax Year 2021 Tenant Pays CableElectric Terms Considered CashConventional Type Of Building Income Use Income Utilities CableElectricMunicipal WaterPublic SewerSeparate Meter Zoning Rs-6(C

Listing provided courtesy of 49 Units, Llc: (561) 600-5350. Listing information © 2022 BeachesMLS
 
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