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$900,000

Beds
Unknown
sq ft
3,360

461 Silver Beach Rd Unit 1, Riviera Beach, FL 33403

461 Silver Beach Rd Unit 1

Riviera Beach, FL 33403

  • 25 days on market
**This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door) Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric. High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)* Current Lease Details below: **Unit 1: 2 bed 1 bath -lease expires 5/25 - $1,800 per month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath - Vacant **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate Upside

Details

Property type

Est. home value

$391,551

Lot size

8,050 sq ft

Price per sq ft

$268

Year built

1964

Annual property taxes

$5,705

HOA

Yes

Price History

03/04/2025
Beaches

Beaches #R11068125

Listed
$900,000
+757.14%
05/02/2016
Beaches

Beaches #R10193150

Sold
$105,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

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

Seller could get up to

$606,861
Asking price
$900,000
Closing costs (~8% of asking)
-$72,000
Est. remaining loan balance
-$221,139
Cash to seller
$606,861

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

January 2021

Original loan amount

$244,400

Est. remaining balance

$221,139

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Anthony Sciascia

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?

Status: Active

Tomo last checked: 03/29/2025 at 10:20 AM

Listing updated: 03/12/2025 at 12:35 PM

Listed by: Michael Johnston, The Keyes Company Phone #: (561) 220-0550

MLS: Beaches #R11068125

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