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151 Riviera Dr Pasadena, MD 21122

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For Sale
$599,000

Licensed three-unit property in a walkable Riviera Beach location.

Lot size:
0.21 Acres

Property Features for 151 Riviera Dr

General Information

Property type
Investment
Standard status
Active
Lot size
0.21 Acres

Building Details

Year built
1952

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Listing Contact
Beverly E Harkum Locantore
Beverly E Harkum Locantore
Source: Elliman

Listing Agency: Re/Max Executive Listing Agent: Beverly E Harkum Locantore

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Riviera Beach Multi-Unit Opportunity

This licensed three-unit property is located on a fenced corner lot in the heart of Riviera Beach. The property is highly walkable, situated two blocks from the bus stop and within walking distance to grocery stores, convenience shops, and restaurants. The existing structure may be converted into a single-family home with an attached in-law suite with county permitting. Unit A on the main level features one bedroom, a kitchen, a living room, and a full bath. Unit B on the main level includes two bedrooms, a kitchen, a dining room, a living room, a full bath, and a laundry area. The upper-level Unit C offers one bedroom, a kitchen/dining combination, a living room, and a full bath. Each unit has ceiling fans and air conditioning and maintains separate occupancy and lead inspection certifications. The property is located in a water-privileged community with a sandy beach, boat ramp, pier, community parks, walking paths, schools, and churches. There is a detached garage on the property, currently used by Unit C, with potential to be income producing. Two of the existing tenants are on month-to-month leases and notice has been served to all tenants.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Pasadena
County
Anne Arundel
State
Maryland
Longitude
-76.5139228
Latitude
39.1610347

FAQs

What type of property is this?
Triplex - Licensed three-unit property in a walkable Riviera Beach location.
Where is this triplex located?
The property is located at 151 Riviera Dr Pasadena, MD.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: - Strong income potential with below-market rents currently in place and two units potentially vacant.; - Versatile property with potential to convert to a single-family home with in-law suite (with county permitting).; - Located in a desirable, water-privileged community with beach, boat ramp, pier, parks, and walking paths.
More about this property
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