540 W 1st Street

**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 vacant but rents at $1,900 per month. . **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,400/month until **June 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. The proximity to the **Port of Palm Beach, with its planned expansion to accommodate more cruise ships, ensures increased desirability.
Neighborhood Highlights:
60 new townhomes under construction nearby.
The city's "Reimagine Riviera Beach" project will bring new amenities, including a city hall, recreation centers, and a public library, transforming 80 acres close to this property.
This is your chance to secure a turnkey investment in a rapidly appreciating area with low maintenance and high growth potential! Don't miss out!