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Laura Ville Apartments 1133 W 30th St

3 Unit Apartment Building $651,000 ($217,000/Unit) 7.50% Cap Rate Riviera Beach, FL 33404

Apartment Buildings Florida Riviera Beach 1133 W 30th St, Riviera Beach, FL 33404

Investment Highlights

  • Strong Rental Market
  • CBS Building with Brand-new Roof, Central AC System, and Windows
  • Desirable Unit Mix with One 3/2 and Two 2/1
  • Units are Individually Metered for Water and Electric with Tenants pay all Utilities

Executive Summary

Great opportunity to acquire a solid CBS Building with terrazzo floor, brand-new roof, new central AC system, and new windows in the strong rental market.

Attachments

BAWONS APOD
BAWONS Buyer CA

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $66,600 $28.32
Other Income - -
Vacancy Loss - -
Effective Gross Income $66,600 $28.32
Taxes $5,928 $2.52
Operating Expenses $5,200 $2.21
Total Expenses $11,128 $4.73
Net Operating Income $55,472 $23.59

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $66,600
Annual Per SF $28.32
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $66,600
Annual Per SF $28.32
Taxes
Annual $5,928
Annual Per SF $2.52
Operating Expenses
Annual $5,200
Annual Per SF $2.21
Total Expenses
Annual $11,128
Annual Per SF $4.73
Net Operating Income
Annual $55,472
Annual Per SF $23.59

Property Facts

Price $651,000 Apartment Style Low Rise
Price Per Unit $217,000 Lot Size 0.25 AC
Sale Type Investment Building Size 2,352 SF
Cap Rate 7.50% Average Occupancy 100%
Sale Conditions 1031 Exchange No. Stories 1
Gross Rent Multiplier 9.77 Year Built/Renovated 1965/2024
No. Units 3 Parking Ratio 5.1/1,000 SF
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype
Apartment
  • Multifamily Dormitory
Price $651,000
Price Per Unit $217,000
Sale Type Investment
Cap Rate 7.50%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 9.77
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Lot Size 0.25 AC
Building Size 2,352 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1965/2024
Parking Ratio 5.1/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Washer/Dryer
  • Patio

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,600 -
3+2 1 $2,350 -
1 of 1

zoning

Zoning Code RM - 15 (MULTIPLE FAMILY DWELLING (56-RIVIERA BEACH))
RM - 15 (MULTIPLE FAMILY DWELLING (56-RIVIERA BEACH))
(305) 509-8336

Contacts

  • Listing ID: 33367880

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 1133 W 30th St, Riviera Beach, FL 33404

More public record information on 1133 W 30th St, Riviera Beach, FL 33404

The Multifamily Property at 1133 W 30th St, Riviera Beach, FL 33404 is currently available for sale. Contact BAWONS Properties for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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1133 W 30th St, Riviera Beach, FL for sale Building Photo- Image 1 of 8
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1133 W 30th St, Riviera Beach, FL for sale Building Photo- Image 2 of 8
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1133 W 30th St, Riviera Beach, FL for sale Building Photo- Image 5 of 8
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1133 W 30th St, Riviera Beach, FL for sale Building Photo- Image 6 of 8
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1133 W 30th St, Riviera Beach, FL for sale Building Photo- Image 7 of 8
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Laura Ville Apartments | 1133 W 30th St
(305) 509-8336 x

Laura Ville Apartments | 1133 W 30th St

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Wendy Pierre

(305) 509-8336

(305) 509-8336

Luke Mauger, P.A.

(561) 294-8335

(561) 294-8335

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