540 W 1st Street

Excellent investment opportunity!! BRAND NEW A/C AND DUCT WORK INSTALLED AUGUST 2024!!. 2 seperate buildings. Front building is 2 bed 1 bath. Rear building is 1 Bed 1 Bath. Fresh paint and roofs in great condition. ****Roofs replaced in 2014 and 2017. Front unit Vacant. Rear unit Rented for $1,350 until Feb 2025. Market Rents = 2 bed 1 bath $1,900 - $2,000. 1 bed 1 Bath $1,500 - $1,600. Super close to Public marina and boat ramp directly in front of Peanut Island. Close to Port of Palm beach which has huge expansion plans for more cruise ships. 60 New Townhomes being built around the corner. ''Reimagine Riviera Beach'' would bring in a new city hall, recreation centers, and a public library, among other construction projects on 80 acres.