540 West 1st Street

Riviera Beach, FL 33404

$424,000
Price
Beds
1,240 Sq. Ft.
$342 / Sq. Ft.
1,240
Sq. Ft.
$342
per Sq. Ft.

Description

Excellent Investment Opportunity! Discover this income-generating property featuring two separate buildings Prime location with tremendous growth potential: - Front Building: 2 bed, 1 bath, currently rented at $1,850/month until 9/30/25 . New A/C and ducts installed in October 2024. This is a special delimiter sentence. This is a special delimiter sentence - Rear Building:1 bed, 1 bath, rented at $1,350/month until February 2025 . Both buildings are freshly painted, with roofs in great condition....Excellent Investment Opportunity! Discover this income-generating property featuring two separate buildings Prime location with tremendous growth potential: - Front Building: 2 bed, 1 bath, currently rented at $1,850/month until 9/30/25 . New A/C and ducts installed in October 2024. This is a special delimiter sentence. This is a special delimiter sentence - Rear Building:1 bed, 1 bath, rented at $1,350/month until February 2025 . Both buildings are freshly painted, with roofs in great condition. Roofs were replaced in 2014 and 2017. Market Rent Potential: This is a special delimiter sentence. This is a special delimiter sentence - 2 bed, 1 bath: $2,000/month This is a special delimiter sentence. This is a special delimiter sentence - 1 bed, 1 bath: $1,600/month Located just steps from a public marina and boat ramp across from Peanut Island, this property is in a high-demand area.
  1. Listed by Michael J Johnston • The Keyes Company • 561-577-0398
  2. Listed by Maby Cuevas • The Keyes Company

Property Details for 540 West 1st Street

Subdivision
RIVIERA BEACH HEIGHTS ADD 4
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 12/02/2024 12:01 PM

Property Details for 540 West 1st Street

StatusActive
MLS #RX-11023483
Days on Market79
Taxes$3,994 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1959
Lot Size0.12 AC / 5,036 SF
CountyPalm Beach County

Building Information for 540 West 1st Street

Stories1Residences-Year Built1959Building Size-Lot Size0.12 AC / 5,036 SF

Property Information for 540 West 1st Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Australian Ave to 1st go West
  • Geo Area: Palm Beach 5270; 5280; 5290
  • Street Number: 540
  • Subdivision Complex Bldg: RIVIERA BEACH HEIGHTS ADD 4
  • Municipal Code: Riviera Beach
  • State: FL
  • City Postal ID: 33404
  • MLS Area: 5280
  • MLS Sub Area: PB26
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 5280
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 56434233110002160
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,338
  • Square Ft Source: Tax Rolls
  • Zoning: RS-8(c
Property and Assessments
  • Legal Desc: RIVIERA BEACH HEIGHTS ADD 4 LT 216
  • Sq Ft Liv Area: 1240.0
  • Legal Description: RIVIERA BEACH HEIGHTS ADD 4 LT 216
Utilities
  • Utilities: Cable, Electric
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Ceramic Tile
  • Heating: Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $30,400.00
  • Income & Expenses: Annual Total Expense: $8,000.00
  • Income & Expenses: Gross Operating Inc: $38,400.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Lease Ends: 09-30-2025
  • Unit 1 Info: Monthly Income: 1,850
  • Unit 1 Info: SqFt: 858.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Lease Ends: 02-28-2025
  • Unit 2 Info: Monthly Income: $1,350
  • Unit 2 Info: SqFt: 625.0
  • Unit 2 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 540 West 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 540 West 1st Street

Taxable ValueLand$43,875Additions$135,140Total$179,015
Tax Record2023$3,994 ($333 / month)
Home Facts
Beds3Baths2Total Finished SqFt756 SqFtAbove Grade Finished SqFt756 SqFtStories1Lot Size5,036 SqFtStyleSingle Family ResidenceYear Built1959Year Renovated1971ZoningRS-8CountyPALM BEACHAPN56-43-42-33-11-000-2160

Schools near 540 West 1st Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
West Riviera Elementary School
PublicPK to 5

Howell L. Watkins Middle School
Public6 to 8

William T. Dwyer High School
Public9 to 12

Alternative Program Central
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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540 West 1st Street is a multi-family home for sale in Riviera Beach, FL 33404. This property was listed for sale on September 24, 2024 by The Keyes Company, it's currently listed at $424,000. It has been on the market for a total of 79 days and was last sold on December 15, 2021. This listing's school district is Palm Beach. Nearby schools include West Riviera Elementary School, Howell L. Watkins Middle School and William T. Dwyer High School. 540 West 1st Street is a 0-bed, 0-bath, 1,240 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Keyes Company

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.