107 E 27th Street, Riviera Beach, FL 33404
Status: Active
1960
YEAR BUILT
$2,225,000
LISTING PRICE
MultiFamily (5+ Units)
TYPE
MLS#: RX-11051989
Type of Building: Hotel / Motel and Income
For More Information Call:
561-283-4663
We are pleased to offer a rare investment opportunity to acquire 12 fully renovated units spread across three adjacent parcels, located just moments from the beach, Peanut Island, and Singer Island. These units have been thoughtfully updated and provide a mix ofmodern amenities that are sure to attract tenants. Currently, three of the twelve units are operated as highly profitable short-term rentals, making this an ideal property for an investor looking to capitalize on the lucrative vacation rental market. With Publix just one block away, residents enjoy exceptional convenience, and ample parking is available for all tenants. Call today!

This listing is courtesy of CPRE Organization Inc. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc.
- Acres0.45 acres
- Available DocumentsNone
- Available InformationInvestment Analysis
- Building Info: Miles to Beach1 miles
- Building Info: Number of Tenants12
- Built DescriptionResale
- CityRiviera Beach
- CoolingWall-Win A/C
- CountyPalm Beach
- DirectionsTake I-95 east on Blue Heron Blvd to US 1 make a left and then a right on 23rd ave. The 3 parcels will be down the block on your right.
- Expenses: Common Area Maintenance$1,800
- Expenses: Insurance$18,000
- Expenses: Miscellaneous$4,845
- Expenses: R.E. Taxes$24,540
- Expenses: Utilities$13,800
- Fire ProtectionSmoke Alarm
- FlooringTerrazzo Floor and Vinyl Floor
- For LeaseNo
- For SaleYes
- HeatingWindow/Wall
- LeaseAnnual and Option Available
- Legal DescriptionINLET SHORES NO 2 LT 53
- List Price$2,225,000
- Listing DateMonday, January 13th, 2025
- Listing IDRX-11051989
- Listing Price$2,225,000
- Listing StatusActive
- Minimum Lease Months1
- Miscellaneous 1Fenced
- Monetary Info: Gross Operating Income$231,600
- Monetary Info: Net Operating Income$173,460
- Monetary Info: Source of ExpensesOwner
- Monetary Info: Total Expenses$54,140
- Multiple Offers AcceptedNo
- Number of Meters3
- Number of Stories2
- Number of Toilets13
- Percent Air Conditioned12%
- PossessionAt Closing and Funding
- Property Description3 parcels
- Property TypeCommercial
- Real Estate Taxes$24,540
- RoofComp Shingle
- Sale IncludesBuilding and Land
- SqFt SourceTax Rolls
- State/ProvinceFL
- StatusActive
- Status Change DateMonday, January 13th, 2025
- Street Name27th
- SubdivisionInlet Shores
- Tax Year2024
- Tenant PaysCable and Electric
- Terms ConsideredCash, Conventional and Exchange
- Total Units in Building12
- TypeMultiFamily (5+ Units)
- Type of BuildingHotel / Motel and Income
- Unit 1: Annual Rent$1,400
- Unit 1: Full Baths1
- Unit 1: Number of Units3
- Unit 1: Unit Description1 Bedroom
- Unit 2: Annual Rent$1,200
- Unit 2: Full Baths1
- Unit 2: Number of Units1
- Unit 2: Unit DescriptionEfficiency
- Unit 3: Annual Rent$1,500
- Unit 3: Full Baths1
- Unit 3: Number of Units2
- Unit 3: Unit Description2 Bedroom
- Unit 4: Annual Rent$2,899
- Unit 4: Full Baths2
- Unit 4: Number of Units1
- Unit 4: Unit Description5 Bedroom
- Unit 5: Annual Rent$1,600
- Unit 5: Full Baths1
- Unit 5: Number of Units2
- Unit 5: Unit Description1 Bedroom
- Unit 6: Annual Rent$1,900
- Unit 6: Full Baths1
- Unit 6: Number of Units1
- Unit 6: Unit Description2 Bedroom
- Unit 7: Annual Rent$1,450
- Unit 7: Full Baths1
- Unit 7: Number of Units2
- Unit 7: Unit Description1 Bedroom
- Unit Number1 -12
- UtilitiesCable, Electric and Water Available
- Virtual TourYes
- WaterfrontNo
- Year Built1960
- Zip Code33404
- ZoningCG