For Sale
$651,000

1133 30Th StWest Palm Beach, FL 33404

Three-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional three-unit apartment building, located at 1133 W 30th Street in Riviera Beach, Florida, presents a compelling investment opportunity. Built in 1965, this single-story, concrete block structure boasts a total of 2,603 square feet and sits on a lot zoned RM-15—MULTIPLE FAMILY DWELLING (56-RIVIERA BEACH). The property features a desirable unit mix, including one three-bedroom, two-bathroom unit and two two-bedroom, one-bathroom units. Recent upgrades include a brand-new roof, AC systems, and windows, ensuring long-term value and reduced maintenance costs. Each unit is individually metered for water and electricity, with tenants responsible for all utilities, maximizing rental income and minimizing landlord expenses. The property's location in a strong rental market guarantees consistent cash flow, making it an ideal addition to any investment portfolio. The asking price is $651,000. This is a turnkey opportunity to acquire a well-maintained, cash-flowing multifamily property in a desirable location. The property's solid construction and recent renovations minimize immediate capital expenditure needs, allowing for immediate return on investment. Don't miss this chance to secure a profitable investment in the thriving Riviera Beach rental market.

Highlights

  • Three-unit apartment building in Riviera Beach, FL, offering a strong investment opportunity.
  • 1965-built, single-story concrete block structure totaling 2,603 square feet on an RM-15 zoned lot.
  • Desirable unit mix: one 3/2 and two 2/1 units.
  • Recently upgraded with a new roof, AC systems, and windows.
  • Individually metered utilities (water & electric) for each unit, maximizing owner's return.
  • Asking price: $651,000.

Property Details for 1133 30Th St

Property type
Apartment buildings, Small apartment buildings
Square Feet
2,603 SF
Year Built
1965
Buildings
1
Stories
1
Units
3

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7865901
Longitude
-80.0712665
1133 30Th St, West Palm Beach, Florida

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1133 30Th St
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