461 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 Parcel # 56434228350410020
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 | $6,225 | $291,668 | -- | -- |
| 2023 | $5,983 | $274,666 | $0 | $0 |
| 2022 | $5,482 | $249,696 | $0 | $0 |
| 2021 | $3,734 | $162,610 | $42,840 | $119,770 |
| 2020 | $3,617 | $156,139 | $36,720 | $119,419 |
| 2019 | $2,900 | $131,646 | $32,130 | $99,516 |
| 2018 | $2,509 | $107,751 | $32,162 | $75,589 |
| 2017 | $2,321 | $97,007 | $25,937 | $71,070 |
| 2016 | $1,652 | $60,555 | $0 | $0 |
| 2015 | $1,511 | $55,050 | $0 | $0 |
| 2014 | $1,404 | $50,045 | $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 |
| 02/18/2025 02/18/25 | For Rent | $1,800 | +5.9% | -- |
| 01/13/2024 01/13/24 | Rented | $1,700 | -5.6% | -- |
| 01/12/2024 01/12/24 | Under Contract | -- | -- | -- |
| 09/14/2023 09/14/23 | For Rent | $1,800 | 0.0% | -- |
| 05/02/2016 05/02/16 | Sold | $105,000 | -26.5% | $63 / Sq Ft |
| 04/02/2016 04/02/16 | Pending | -- | -- | -- |
| 12/21/2015 12/21/15 | For Sale | $142,900 | -- | $85 / 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 | $105,000 | Attorney | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $104,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $244,000 | New Conventional | |
| Previous Owner | $1,063,200 | Commercial | |
| Previous Owner | $164,000 | Balloon |
Source: BeachesMLS
MLS Number: R11068125
APN: 56-43-42-28-35-041-0020
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