Home » Riviera Beach » 107 E 27th Street 1 -12, Riviera Beach, FL 33404 | R11051989/RX-11051989

Multi Family For Sale 107 E 27th Street 1 -12, Riviera Beach, FL 33404

$2,225,000

Property Highlights

Listing ID R11051989/RX-11051989 Status of this Listing: Active For Sale Property Type Commercial Sale Multi Family Year Built 1960 Time of this property on Rebonus 23 Day(s)

107 E 27th Street 1 -12, Riviera Beach, FL 33404

Property Description: We are pleased to offer a rare investment opportunity to acquire 12 fully renovated units spread across three adjacent parcels, located just moments from the beach, Peanut Island, and Singer Island. These units have been thoughtfully updated and provide a mix ofmodern amenities that are sure to attract tenants. Currently, three of the twelve units are operated as highly profitable short-term rentals, making this an ideal property for an investor looking to capitalize on the lucrative vacation rental market. With Publix just one block away, residents enjoy exceptional convenience, and ample parking is available for all tenants. Call today!

Useful Info

Original List Price:$2,225,000

Lease Details

Lease Terms Description:Annual Lease,Options Available

Land Lot (Parcel) Details

Lot Size Acres:0.45

Construction

Number of Units Total:7
Levels:Two
Flooring:
  • Vinyl
  • Terrazzo
Stories:2

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
Roof:
  • Shingle
  • Composition
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Wall Furnace

Taxes and Expenses

Tax Annual Amount:$24,540

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024
Insurance Expense:$18,000

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • 1031 Exchange
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Lease Term:
  • 12 Months
Tenant Pays:
  • Exterior Electric
Lease Considered:No

Community

Subdivision Name:INLET SHORES
Complex Name:INLET SHORES
Senior Community:No

Parking

Covered Spaces:0

Utilities

Utilities Available:
  • Cable Available
  • Electricity Available
  • Water Available
Utilities Expense:$13,800

More Details

Other Information:
Data exchange original Listing NumberRX-11051989
Ref1102757533

Zoning and Legal

Tax Legal Description:INLET SHORES NO 2 LT 53
Real Estate Folio Number (Parcel Number):56434228130000530
Zoning Description:CG

Listing History

Update/EventDate/Days
Published Date:January 13, 2025 10:03 pm
On Market Date:January 14, 2025
Listing Contract Date:January 14, 2025
Last Important Update Description:New Listing
Date and Time of Last Important Update:January 13, 2025 10:12 pm
Status Last Changed:January 13, 2025 12:00 am
Photos Last Modified:January 14, 2025 2:47 pm
Last Modified:January 29, 2025 4:54 pm
Days on the Market Reference Date:January 29, 2025
Days on the Market (updated on Last Modified*):15
Cumulative Days on the Market (updated on Last Modified**):0

Additional Information

Lot Size Range:,
Number of Photos:54
Location:,
Included:Building & Land,,
Geographical Area:Palm Beach 5270; 5280; 5290
Area:5280
Automated Valuation Display:Yes
Courtesy of:CPRE Organization Inc
Universal Property Id:US-12099-N-56434228130000530-R-N

Location

Show Property Address:Yes
Street Name:27th Street
Street Number:107
Street Direction Prefix:E
Street Address:107 E 27th Street 1 -12
Unit Number:1 -12
City : Riviera Beach
State : Florida
Zip Code : 33404
County : Palm Beach
Full Address:107 E 27th Street 1 -12, Riviera Beach, FL 33404
Latitude:N26° 47' 2.5''
Longitude:W81° 56' 47.5''

Neighborhood

Postal City:Riviera Beach

Property Map