173 W 18th Street Riviera Beach, FL 33404

$365,000

5 Beds

1 Baths

1228 SQFT

Property Details

MLS#

RX-11142554

Type

Single Family Detached

Status

Active Listing

Square Footage

1,228

Bedrooms

5

Bathrooms

1 full

Year Built

1960

Property Description

5-bedroom, 1-bath tenant-occupied house. Excellent cash flow, underwrites to a 7.5% cap rate after adjusting property taxes upward for new ownership.This property generates $3,395 in monthly rent ($40,740 gross annual rent) and the current lease runs through July 2026. Tenants pay all utilities for low operating expenses Four point inspection report available.

Amenities

Cooling: Central

Closet Cabinets

Entry Lvl Lvng Area

Foyer

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Listing Broker: 49 Units, LLC
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