151 Riviera Dr - Commercial LAND FOR SALE


Pasadena, MD 21122- Riviera Beach9,148 SF
$599,000 USD
443-463-2501
151 Riviera Dr, Pasadena, MD for Sale
$599,000 USD
Commercial LAND - FOR SALE
1/28
9,148 SF

151 Riviera Dr
Pasadena, MD 21122
Riviera Beach


HIGHLIGHTS

  • Income producing
  • Convenient location
  • detached garage

OVERVIEW

Unique situation for this multi dwelling, property has potential to become income producing....2 of the existing tenants have been privileged to the generosity of the landlord and are on a month to month lease and are prepared to vacate. Tenant in unit B pays $1,150.00 a month (paying below market rent) and has lease in place until end of 2026. Notice has been served to all tenants. Showings M-F are to be after 3:45PM please allow 2 hour notice Riviera Beach Multi-Unit Opportunity Location says it all! This licensed three-unit property sits on a fenced corner lot just off the main street in the heart of Riviera Beach. Conveniently located two blocks from the bus stop and within walking distance to grocery stores, convenience stores, restaurants, and more. Unit Details: *Main Level Unit A: 1 bedroom, kitchen, living room, and full bath *Main Level Unit B: 2 bedrooms, kitchen, dining room, living room, full bath, and laundry area * Upper Level Unit C: 1 bedroom, kitchen/dining combination, living room, and full bath Each unit includes ceiling fans, air conditioning, and has separate operation and lead inspection certification. An excellent investment opportunity to own an income-producing property in a desirable water-privileged community offering a sandy beach, boat ramp, pier, community parks, walking paths, schools, and churches. Long term tenant in Unit C, although month to month Unit A - 2 bedroom: market rent $2,000.00 Unit B - 1 bedroom: marker rent at $1,600.00 Unit C - 1 bedroom: market rent at $1,600.00 There is a detached garage on property, unit C currently uses garage, could potentially be income producing

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/ACRE

$2,852,256/AC

PRICE/SF

$65 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.21 AC

LAND SF

9,148 SF

OFFSITE IMPROVEMENTS

-

ZONING

R5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Beverly Harkum LocantoreRE/Max ExecutiveMore Info
443-463-2501

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Beverly Harkum LocantoreRE/Max ExecutiveMore Info
443-463-2501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.