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160 W Blue Heron Blvd Riviera Beach FL 33404 Assigned

  • $459,000
  • 2 beds
  • 1 baths
  • 1,005 sqft
Assigned

160 W Blue Heron Blvd Riviera Beach FL 33404

Two folios total, consisting of:
– (4) Studios ($475,$500,$500,$575)
– (2) 2/1 units ($650, $650)
Note: Each folio has a duplex with (2) studios in the front + detached 2/1 in the back
Year built: 1947
1,005 sqft
5,649 sqft lot

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Current gross rent: $3,350

Market rent rate potential is $6,600:
– 2/1 units rent for $1,300
– Studio units rent for $1,000

NOI potential with current expenses: $53,000

Meter count: 6 electrical , 2 water

Yearly Expenses = $26,000:
$7,200 – Water
$6,000 – Taxes
$6,000 – Vacancy & repairs
$5,000 – Insurance
$1,800 – Maintenance

All tenants are longterm and paying on time. All units rented considerably under market (no security deposits available). Blocks from the beach in a fast-developing area. Double digit cap rate after rents are stabilized.

Available on 02.10.2021

Don’t let this excellent opportunity pass you by! Get it yours now!

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DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property

The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement

Price:
$459,000
Address:
160 W Blue Heron Blvd
Riviera Beach, Florida 33404
Square Feet:
1,005
Lot Size:
5,649 sqft
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1947

Additional Features

160 W Blue Heron Blvd Riviera Beach FL 33404 Two folios total, consisting of: - (4) Studios ($475,$500,$500,$575) - (2) 2/1 units ($650, $650) Note: Each folio has a duplex with (2) studios in the front + detached 2/1 in the back Year built: 1947 1,005 sqft 5,649 sqft lot

Call (954) 280-5883 for more details

Property Location