Sold

25 W 34 Street

Riviera Beach FL, 33404

$1,700,000


$212.50 per sqft

Sold

8,000 sqft

Residential

Built in 1979

The 34th Street Portfolio consists of four properties w/ 12 units total 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 Bath The 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 property

R10831855

MLS ID

September 14, 2022

Listed

February 16, 2024

Updated

Map

25 W 34 Street
Riviera Beach FL, 33404

Interior Features

Total Stories

1


Floor Description

Ceramic Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Exterior Features

Awning(s), Patio, Shed


Roof

Composition, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

5280


Taxes

$20,000


Tax Frequency

Annually


Days on Market

40


Association Fee Frequency

Monthly


Garage

No


View

No


County

Palm Beach County


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

9/15/2023

Price Change

$1,700,000

-9%

9/15/2023

Sold

$1,700,000

Listed by: 49 Units, LLC
Listing Contact: (561) 600-5350 

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Data last updated 4:30 AM UTC, 2/16/2024

 

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