56 W 12th St, Riviera Beach FL 33404

For sale Days on market 49

RIVIERA IN PB 2 [ Quadruplex ]

$1,400,000

$294/sq ft

$100,000
Price Decreased

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Overview

Year Built

2021

Sqft

4760

Property Type

Quadruplex

Property Description

MOTIVATED SELLER WITH A HIDDEN GEM IN PLAIN SIGHT -- This 2021 CBS building is an incredible deal for an experienced investor with four spacious 3-bedroom, 2-bathroom apartments, an outstanding opportunity to capture long-term upside in a rapidly appreciating waterfront corridor. Perfectly positioned in the revitalized Marina Village District, this property offers unmatched proximity to: The iconic Peanut Island, The Port of Palm Beach Terminals, Award-winning snorkeling and stunning watersport facilities. The Related Group is currently constructing 149 Residences at Marina Village, rising 8 stories, while SobelCo is building a transformative 1.23 million SF development with 508 new condos on the 4.27 acres full city block site right in front of this quadplex. Currently, ownership is in the process of re-tenanting the units to operate the property as a short-term rental building with a corporate tenant in the district. (DISCLAIMER: Seller may, at seller’s sole discretion, withdraw the property from the market or suspend marketing activities at any time, including but not limited to ongoing lease negotiations with a corporate tenant. Listing subject to change or withdrawal without notice. No obligation to sell is implied.)

Property Details

MLS#

A11939822

Total Floor in Bldg

Building

RIVIERA IN PB 2

Address

56 12th St W

City

Riviera Beach

State/county

Zip/Postal Code

33404

Area

Riviera In Pb 2

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$14,198

Maint Fee

$--

Tax Year

2025

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