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1634 W 26th Court 1634 W 26th Ct 4 Unit Apartment Building $900,000 ($225,000/Unit) 7.17% Cap Rate Riviera Beach, FL 33404
Investment Highlights
- Steady Rental Income with room to increase rents
- ?4 Units each with 3 Bedrooms and 1 Full Bath ?
- ?Washer & Dryer Hook Ups
- Well Maintained!
- ?Long Term Stable Tenants
- CBS Construction ?Asphalt Composition Roof
Executive Summary
3664 Square Foot - Four-unit apartment building with an asking price of $900,000.00.? This property features 4 units each with 3 bedrooms and 1 full bath.? The property has long-term, stable tenants and is CBS-constructed, with an asphalt-composition roof and wood trusses.? Each unit has washer & dryer hookups provided and separate central AC/heating units.? Built in 1986, the property features ceramic/quarry tile and carpet floors with drywall interior walls.? The property is zoned RM-15 Riviera Beach and sits on a .19 acre lot.?
Market rents are below market for this property.? Market research shows that Section 8/Affordable Housing routinely approves $2,100.00 for 3-br/1-ba units.? Market rate rents are commanding up to $2,550.00/Month.?
Market rents are below market for this property.? Market research shows that Section 8/Affordable Housing routinely approves $2,100.00 for 3-br/1-ba units.? Market rate rents are commanding up to $2,550.00/Month.?
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,480
|
$21.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,480
|
$21.13
|
| Taxes |
$12,375
|
$3.09
|
| Operating Expenses |
$3,600
|
$0.90
|
| Total Expenses |
$15,975
|
$3.99
|
| Net Operating Income |
$68,505
|
$17.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $84,480 |
| Annual Per SF | $21.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,480 |
| Annual Per SF | $21.13 |
| Taxes | |
|---|---|
| Annual | $12,375 |
| Annual Per SF | $3.09 |
| Operating Expenses | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.90 |
| Total Expenses | |
|---|---|
| Annual | $15,975 |
| Annual Per SF | $3.99 |
| Net Operating Income | |
|---|---|
| Annual | $68,505 |
| Annual Per SF | $17.13 |
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,999 SF |
| Cap Rate | 7.17% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM15 - Multi-Family Dwellings less than 5 units - Riviera Beach | ||
| Price | $900,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,999 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 3/1,000 SF |
| Zoning | RM15 - Multi-Family Dwellings less than 5 units - Riviera Beach |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $1,890 | 855 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 56-43-42-29-25-000-0080 | Total Assessment | $578,373 |
| Land Assessment | $0 | Annual Taxes | $12,375 ($3.09/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
56-43-42-29-25-000-0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$578,373
Annual Taxes
$12,375 ($3.09/SF)
Tax Year
2025 Payable 2025
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1634 W 26th Court | 1634 W 26th Ct