- MLS® #: RX-11068125
- 461 Silver Beach Road #1
- Riviera Beach, FL 33403
- $900,000
- 8 Beds, 4 Bath, 3,876 SqFt
- Multi-Unit
**This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 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)* Current Lease Details below: **Unit 1: 2 bed 1 bath -lease expires 5/25 - $1,800 per month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath - Vacant **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate UpsideOne 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
View Virtual TourEssential Information
- MLS® #RX-11068125
- Price$900,000
- CAD Dollar$1,243,935
- UK Pound£678,400
- Euro€796,275
- HOA Fees0.00
- Bedrooms8
- Bathrooms4.00
- Full Baths4
- Square Footage3,876
- Year Built1964
- TypeMulti-Unit
- Sub-TypeQuad Plex
- RestrictionsNone
- StyleNo
- StatusActive
Community Information
- Address461 Silver Beach Road #1
- Area5270
- SubdivisionPARK MANOR 6
- CityRiviera Beach
- CountyPalm Beach
- StateFL
- Zip Code33403
Amenities
- WaterfrontNone
Utilities
3-Phase Electric, Public Sewer, Public Water
Interior
- HeatingWindow/Wall
- CoolingWall-Win A/C
- # of Stories1
Exterior
- Exterior FeaturesCovered Patio
- Lot Description< 1/4 Acre
- RoofComp Shingle
- ConstructionCBS
- Office: The Keyes Company
Property Location
461 Silver Beach Road #1 on www.jupiteroceanfronthomes.us
Offered at the current list price of $900,000, this home for sale at 461 Silver Beach Road #1 features 8 bedrooms and 4 bathrooms. This real estate listing is located in PARK MANOR 6 of Riviera Beach, FL 33403 and is approximately 3,876 square feet. 461 Silver Beach Road #1 is listed under the MLS ID of RX-11068125 and has been available through www.jupiteroceanfronthomes.us for the Riviera Beach real estate market for 61 days.Similar Listings to 461 Silver Beach Road #1
- MLS® #: RX-11068096
- 451 Silver Beach Road #1
- Riviera Beach, FL 33403
- $900,000
- 8 Bed, 4 Bath, 3,876 SqFt
- Multi-Unit
Add as Favorite
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2025 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2025 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on May 4th, 2025 at 11:15pm CDT.