748 Dr Martin Luther King Jr Blvd Riviera Beach, FL 33404
- Small apartment buildings
- 1,925 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 748 Dr Martin Luther King Jr Blvd
- Year built
- 1982
- Property size
- 1,925 SF
- Property type
- Small apartment buildings
Description
This 1982-built, single-story duplex in Riviera Beach, Florida offers a compelling investment opportunity. Boasting almost 2,000 square feet, the property features two units, each with two bedrooms and two full bathrooms. An open kitchen and large living room are highlights of each unit's layout. The property includes a private concrete parking lot with four spaces and is fully fenced for added security. Recent improvements include a new roof and updated HVAC systems. Each unit is separately metered for efficient utility management. Located at 748 Dr Martin Luther King Jr Blvd, 33404, this property benefits from its proximity to downtown West Palm Beach, the Intercoastal Waterway, the beach, Brightline/Amtrak station, and bus routes. The current annual income exceeds $48,000, with strong potential for rental increases given current market rates of $2,000 to $2,200 per unit. The property is zoned Cg (City) and sits in a neighborhood experiencing ongoing improvements to roads and sidewalks. There is no HOA. A comparable nearby multifamily property recently sold for $630,000. This duplex is offered at $525,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riviera Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0646027
- Latitude
- 26.769658
