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141 W 16th St - Brand-New SFR Home 1 Unit Apartment Building Offered at $479,000 at a 7.01% Cap Rate West Palm Beach, FL 33404
INVESTMENT HIGHLIGHTS
- Brand New CBS House
- Easy Access to Job Centers, Watersport Activities, Parks, and Beaches
- Rare 5 bedroom 2 Bathroom SFR Home
EXECUTIVE SUMMARY
Brand-new SFR Home with 5-bedroom, 2-bathroom ideally located just a few blocks from the rapidly transforming Marina Village District of Riviera Beach. This modern residence is currently rented for $3,500/month, offering immediate income in one of Palm Beach County’s most exciting growth corridors. Built with comfort, space, and contemporary design in mind, this rare large home is perfectly positioned near world-class amenities, including: The Port of Palm Beach Cruise Terminals Award-winning beaches with pristine turquoise waters Endless watersport activities and the beloved Peanut Island The district is undergoing major redevelopment, attracting tourists, and new residents A rare chance to secure a newly-build 5-bedroom home
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$25.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,000
|
$25.01
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $25.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $25.01 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $479,000 | No. Units | 1 |
| Price Per Unit | $479,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 1,679 SF |
| Cap Rate | 7.01% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 2024 |
| Price | $479,000 |
| Price Per Unit | $479,000 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| Sale Condition | 1031 Exchange |
| No. Units | 1 |
| Property Type | Multifamily |
| Building Size | 1,679 SF |
| No. Stories | 1 |
| Year Built | 2024 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+2 | 1 | $3,500 | 1,679 |
1 1
PROPERTY TAXES
| Parcel Number | 56-43-42-33-04-002-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,838 |
PROPERTY TAXES
Parcel Number
56-43-42-33-04-002-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,838
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141 W 16th St - Brand-New SFR Home
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