451 Silver Beach Road 1, Riviera Beach, FL 33403

MLS® ID: R11068096

Description

**NEW ROOF's Aug 2025****New Water Heaters****This investment opportunity in the rapidly growing Riviera Beach area. two income-producing units with existing tenants and significant upside potential through rental increases. Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric. High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)* **Unit 1: 2 bed 1 bath -lease expires 5/26-$1,800 per Month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month Immediate Upside Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal Separate Meters: Tenants pay their own utilities, reducing landlord expenses Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values Why Invest in Riviera Beach? Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization i