451 Silver Beach Rd Unit 1 Riviera Beach, FL 33403
Park Manor NeighborhoodEstimated payment $5,498/month
Highlights
- Cooling System Mounted To A Wall/Window
- Terrazzo Flooring
- Wall Furnace
- Patio
About This Home
**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 Upside
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,705
Year Built
- Built in 1964
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,360 Sq Ft Home
- 1-Story Property
- Terrazzo Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Patio
- 8,050 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 56434228350410030
Community Details
Overview
- 4 Units
- Park Manor 6 Subdivision
Building Details
- Operating Expense $1,000
- Net Operating Income $76,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,705 | $266,422 | -- | -- |
| 2023 | $5,629 | $261,336 | $98,640 | $162,696 |
| 2022 | $4,445 | $178,871 | $0 | $0 |
| 2021 | $3,734 | $162,610 | $42,840 | $119,770 |
| 2020 | $3,617 | $156,139 | $36,720 | $119,419 |
| 2019 | $3,182 | $146,826 | $32,130 | $114,696 |
| 2018 | $2,743 | $119,269 | $31,269 | $88,000 |
| 2017 | $2,531 | $106,576 | $25,217 | $81,359 |
| 2016 | $1,686 | $61,965 | $0 | $0 |
| 2015 | $1,541 | $56,332 | $0 | $0 |
| 2014 | $1,428 | $51,211 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/04/2025 03/04/25 | For Sale | $900,000 | 0.0% | $268 / Sq Ft |
| 04/26/2023 04/26/23 | Rented | $1,800 | 0.0% | -- |
| 02/28/2023 02/28/23 | For Rent | $1,800 | 0.0% | -- |
| 05/02/2016 05/02/16 | Sold | $120,000 | -16.0% | $62 / Sq Ft |
| 04/02/2016 04/02/16 | Pending | -- | -- | -- |
| 12/21/2015 12/21/15 | For Sale | $142,900 | -- | $74 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $157,500 | Attorney | |
| Warranty Deed | $120,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $240,400 | New Conventional | |
| Previous Owner | $1,063,200 | Commercial | |
| Previous Owner | $164,000 | Balloon |
Source: BeachesMLS
MLS Number: R11068096
APN: 56-43-42-28-35-041-0030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 451 Silver Beach Rd Unit 1
- 511 Silver Beach Rd
- 344 Cypress Dr
- 441 34th St
- 305 Cypress Dr Unit 1,2,3,4,5
- 211 W 37th St
- 660 W 36th St
- 652 Bayberry Dr
- Tbd W 37th St
- 901 W 36th St Unit A
- 371 W 32nd St
- 205 Bandol St
- 3240 Avenue F
- 3101 Avenue H E
- 304 Foresteria Dr
- 3220 Avenue F
- 80 W 37th St
- 3083 Avenue H E
- 104 Bandol St
- 625 Foresteria Dr