540 W 1st St, Riviera Beach, FL, 33404

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540 W 1st St, Riviera Beach$424,000

Buyer Closing Credits

$5,035^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeDuplex

Year Built1959

HeatingElectric

CoolingCeiling Fan(s), Window Unit(s)

WaterfrontNone

MLS #RX-11023483

StatusActive

About 540 W 1st St

**Excellent Investment Opportunity!** Discover this income-generating property featuring **two separate buildings** Prime location with tremendous growth potential: - **Front Building:** 2 bed, 1 bath, currently rented at **$1,850/month until 9/30/25**. **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,350/month until **February 2025**. Both buildings are freshly painted, with roofs in great condition. **Roofs were replaced in 2014 and 2017.** **Market Rent Potential:** - 2 bed, 1 bath: **$2,000/month** - 1 bed, 1 bath: **$1,600/month** Located just steps from a **public marina and boat ramp** across from Peanut Island, this property is in a high-demand area.

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Property Details

Property Features

Property Information:

• Year Built: 1959
• Stories: 1
• Living Area: 1,240 SqFt

Listing Office:

• Office Name: The Keyes Company
• Office Phone: (561) 220-0550
• Listing Agent: Michael J Johnston

Interior Features

Interior Information:

• Flooring Type: Ceramic Tile

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• Exterior: None

Virtual/3D Tour

• Virtual Tour: 540 W 1st St

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Utilities

Utilities Information:

• Heating: Electric
• Cooling: Ceiling Fan(s), Window Unit(s)

Other

Directions Information:

• Directions: Australian Ave to 1st go West

Price Information

Listing Price Info

Price Summary:

• List Price: $424,000
• Price Per SqFt: $342/SqFt

HOA Fees:

• Amount: $0
• Frequency: Monthly

Tax Information:

• Annual Amount: $1,868
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Riviera Beach, FL.

Riviera Beach, FL

City

Med. Sold Price

$399K

Med. Price/SqFt

$281

Avg. Days On Market

71

# of Sold Homes

18

540 W 1st St vs Riviera Beach

88 DAYS ON ROCKET

+17 Days

$424,000

+$25K More

$342/SqFt

+$60 More

KEY TAKEAWAY

This property is $25K more than the Median Sold Price and $60/SqFt more than other homes in Riviera Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-11023483

Listing Office:

• Office Name: The Keyes Company
• Office Phone: (561) 220-0550
• Listing Agent: Michael J Johnston

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Apr 28, 2015	Apr 28, 2015Home Sold	$57,958
Jul 27, 2011	Jul 27, 2011Home Sold	$28,000
Jun 17, 2002	Jun 17, 2002Home Sold	$49,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,868	$82,508
2019	$1,718	$62,149
2018	$1,527	$56,499
2017	$1,395	$51,363

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Palm Beach County›Riviera Beach›33404›540 W 1st St

This home is located at 540 W 1st St in Riviera Beach, FL and zip code 33404 in the Riviera Beach Heights neighborhood. This 1,240 square foot home was built in 1959. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $424,000.

In November 2024, from all listings sold in Riviera Beach, FL there were more than 1 sold above asking price, over 12 sold below and more than 5 were sold right at the asked price. Between October 2024 and November 2024, Riviera Beach, FL real estate market has seen increase in the number of listings by 7.7%. In November 2024 median list price was $399,000 and the average listing age was 71 days.

From Rocket Homes Real Estate and based on county public records data.