**NEW ROOF's Aug 2025****New Water Heaters****This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together. Prefer written offer before bothering other tenants.
461 silver beach
Parcel # 56434228350410020
MLS#: RX-11068125
&
451 silver beach
parcel # 56434228350410030
MLS#: RX-11068096. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door)
Each unit features two bedrooms and one bathroom with washer/Dryer Hookups
-Each unit is separately metered electric.
High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)*
Curr **Unit 1: 2 bed 1 bath -lease expires 5/26-$1,800 per Month
**Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath -lease expires 9/26 - $1,700 per month
**Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate Upside
One vacant unit ready to lease at full market rent
Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal
Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month
Separate Meters: Tenants pay their own utilities, reducing landlord expenses
Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow
High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values
Why Invest in Riviera Beach?
Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include:
Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values
Expansion of luxury residential and mixed-use developments, strengthening rental demand
New infrastructure projects, including road expansions and commercial growth
Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach
Ideal for Investors Looking For:
Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases
Strong Market Appreciation: Rapidly growing area with long-term value potential
1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits