**Excellent Investment Opportunity!** Discover this income-generating property featuring **two separate buildings** Prime location with tremendous growth potential: - **Front Building:** 2 bed, 1 bath, currently vacant but rents at $1,900 per month. . **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,400/month until **June 2025**. Both buildings are freshly painted, with roofs in great condition. **Roofs were replaced in 2014 and 2017.** **Market Rent Potential:** - 2 bed, 1 bath: **$2,000/month** - 1 bed, 1 bath: **$1,600/month** Located just steps from a **public marina and boat ramp** across from Peanut Island, this property is in a high-demand area. The proximity to the **Port of Palm Beach, with its planned expansion to accommodate more cruise ships, ensures increased desirability.
Neighborhood Highlights:
60 new townhomes under construction nearby.
The city's "Reimagine Riviera Beach" project will bring new amenities, including a city hall, recreation centers, and a public library, transforming 80 acres close to this property.
This is your chance to secure a turnkey investment in a rapidly appreciating area with low maintenance and high growth potential! Don't miss out!
For sale
Price cut: $20K (5/1)
$400,000
540 W 1st Street, Riviera Beach, FL 33404
3beds
1,240sqft
Est.:
Duplex
Built in 1959
-- sqft lot
$393,900 Zestimate®
$323/sqft
$-- HOA
What's special
- 29 days
- on Zillow |
- 1,009 |
- 67 |
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 03:50pm
Listed by:
Michael Johnston 561-577-0398,
The Keyes Company,
Maby Cuevas 786-251-8462,
The Keyes Company
Source: BeachesMLS,MLS#: RX-11086710
Originating MLS: Beaches MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Ceiling Fan(s), Wall/Window Unit(s), A/C Unit
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 1,338
- Total interior livable area: 1,240 sqft
Video & virtual tour
Property
Parking
- Parking features: Space Parking
Features
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 5,034 Square Feet
- Features: < 1/4 Acre
Details
- Parcel number: 56434233110002160
- Zoning: RS-8(c
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- CBS
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1959
Utilities & green energy
- Electric: Separate Electrical Meters
- Water: Separate Water Meters
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Features: None
- Subdivision: Riviera Beach Heights Add 4
HOA
- Has HOA: No
Location
- Region: Riviera Beach
Financial & listing details
- Price per square foot: $323/sqft
- Tax assessed value: $174,201
- Annual tax amount: $3,891
- Date on market: 5/1/2025
- Listing terms: Cash,Conventional,FHA
- Tenant pays: Cable TV, Electricity
- Electric utility on property: Yes
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