Interior
- Bathrooms
- 0
- Living area
- 1,944 sq ft
- Flooring
- Ceramic Tile
- Cooling
- Wall Window Units
- Heating
- Other
Active · Quadruplex
$769,000
752 Martin Luther King Boulevard 1-5, Riviera Beach, FL 33404
- Beds
- —
- Baths
- 0
- Living area
- 1,944 sq ft
- $ / sq ft
- $396/sq ft
- Year built
- 1930
- Lot size
- 15,502 sq ft
- HOA fee
- —
- Annual tax
- $7,850
About this property
True 5-unit income-producing property offering strong cash flow and exceptional value-add potential. The building consists of five (5) 1-bedroom / 1-bath units, all with separate electric meters, providing ease of management and individual utility billing. Located on a General Commercial zoned lot, this property allows for a wide range of redevelopment and expansion opportunities, including the potential to add additional units (buyer to verify). The property is situated within a CRA (Community Redevelopment Area) and a designated Opportunity Zone, making it especially attractive for investors seeking tax advantages and long-term appreciation.
Property location
Get Directions752 Martin Luther King Boulevard 1-5, Riviera Beach, FL 33404
Loading property location…
Facts & features
Exterior & Structure
- Property type
- Quadruplex
- Year built
- 1930
- Lot size
- 15,502 sq ft
- Architectural style
- Fourplex
- Roof
- Composition
- Construction
- Block, Frame, Stucco
- Exterior features
- Fence
- Pool
- None
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Amenities
- None
- Annual tax
- $7,850
- Subdivision
- INLET CITY
- County
- Palm Beach
- Days on market
- 240
- MLS listing ID
- R11156558
- Listing status
- Active
Virtual tour
Explore 3D / Virtual TourInvestment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$304
- Cap rate
- 6.2%
- Net yield
- 6.2%
- Cash-on-cash return
- 1.7%
- Gross yield
- 8.8%
- Mortgage payment
- $3,645/mo
- Down payment
- $192,250
- Loan amount
- $576,750
- Annual NOI
- $47,398
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.