Riviera In Pb 2

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Documents Available: Copy Of Lease(S)
• Architectural Style: Detached
• Cooling: Ceiling Fan(s), Central Air, Electric
• Heating: Central, Electric
• Flooring: Concrete, Tile
• Construction Materials: Concrete Block Construction

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, 2 units are vacant with ownership paying about $450/month in utilities for the whole building.
(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.)

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Listing ID: A11939822