Suncoast Villas — Sale in Riviera Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Riviera Beach, FL 33404

Photos

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Investment Figures

Cap rate
6.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Suncoast Villas, a 20-unit apartment complex located in Riviera Beach, Florida. SUBJECT PROPERTY Suncoast Villas is located at 2130 Avenue S in Riviera Beach, Florida. This 20-unit apartment complex was constructed in 1967 of concrete block and stucco with 13,250 square feet of rentable area and a 0.48-acre lot. Suncoast is comprised of (10) one-bedroom/one-bathroom apartments averaging 550 square feet and (10) two-bedroom/one-bathroom apartments averaging 775 square feet all with central air conditioning. The property also features a gated courtyard and on-site laundry facilities for residents and guests. LOCATION Suncoast Villas is situated directly across from new Riviera Beach Police Department and offers residents convenient access to Blue Heron Boulevard and Interstate 95. Suncoast High School and John F. Kennedy Middle School are also located directly across from Suncoast Villas, while Dr. Mary McLeod Bethune Elementary School (0.5 miles), Lincoln Elementary (1.3 miles), and Inlet Grove Community High School (1.6 miles) are each located nearby. Suncoast Villas is also just one block from the 240,000 square foot, 29-acre UPS Distribution facility. Surrounding area retailers and points of interest include Wawa (1.0 mile), Walmart Supercenter (1.5 miles), Bank of America (1.6 miles), Aldi (1.7 miles), PetSmart (2.0 miles), Kohl’s (2.0 miles), Publix Super Market at Riviera Beach (2.1 miles), Lowe’s (2.1 miles), Target (2.2 miles), St. Mary’s Medical Center & Children’s Hospital (3.1 miles), HCA Florida JFK North Hospital (3.5 miles), the Port of Palm Beach (3.5 miles), Downtown West Palm Beach (6.4 miles), and Palm Beach International Airport (9.2 miles). SUMMARY Suncoast Villas are being offered for sale at $3,700,000 or $185,000 per unit. Investment Highlights: • Walking Distance To Riviera Beach Elementary School, JFK Middle School & Suncoast High School • Located Directly Across the Street from the Approved New

Market Context

This multifamily in Riviera Beach, FL is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Riviera Beach, FL — view the full market.

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