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$2,800,000

Beds
12
Baths
6.0
sq ft
5,931

1200 Surf Rd, Riviera Beach, FL 33404

1200 Surf Rd

Singer Island, FL 33404

  • 190 days on market
    • Price drop $200,000↓
Amazing large complex investment opportunity with a tenant in place. The facility is currently rented and operated as a sober home. Located in a picturesque setting within walking distance to the beaches on Singer Island, this unique private compound offers 12 bedrooms, 6 bathrooms, offices and a commercial kitchen. Development opportunities due to special Hotel/Multifamily Zoning.

Details

Property type

Single Family Residence

Est. home value

$1,753,264

Lot size

0.29 acres

Price per sq ft

$473

Year built

1953

Annual property taxes

$29,524

Price History

05/20/2024
Beaches

Beaches #R10982478

Price change
$2,800,000
-6.67%
04/29/2024
Beaches

Beaches #R10982478

Listed
$3,000,000

Schools & Community

Neighborhood: 

Singer Island

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Flagler Bank

Loan start date

April 2021

Original loan amount

$805,000

Est. remaining balance

Not provided

Interest rate

3.02%

Loan type

Credit Line (Revolving), 10 year

Seller

Joseph Newman and The 2012 Joseph Newman Revocable Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 2:30 PM

Listing updated: 10/30/2024 at 2:35 PM

Listed by: Roman Fischer, FPB Investment Properties, Inc Phone #: (954) 852-9426

MLS: Beaches #R10982478

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