New Listing - 04/21/2025 Price Reduced 1.08%
Price History
$279,000
4/21/2025
$278,500
4/25/2025
$276,000
4/28/2025
1263 W 27TH STREET, Riviera Beach, FL, 33404
3 rooms
3 beds
1 Full baths
1968
1,048 sqft
Incredibly rare nearly turnkey CBS-constructed home in one of the most rapidly appreciating pockets of Palm Beach County. The owner’s early retirement offers you the unique opportunity to secure this well-maintained residence at an unheard of price in this market. Some light TLC may be needed, but absolutely no major issues with huge built-in upside. So what makes this place so special? 1) Priced as a 2 bed. Currently configured as a 2/1, but county records reflect a 3/1 layout. Easily convertible back to a 3 bedroom for instant value-add and increased resale or rental income. 2) Attached 1-car garage with dedicated laundry area. 3) Impact windows and doors throughout, providing energy-efficiency and storm-readiness. 4) Large private fenced-in yard, ideal for pets, outdoor entertaining, or simply enjoying your own slice of Florida sunshine. 5) Lowest price per sq ft in the area: unmatched value with major equity potential baked in. 6) Fantastic location close to shopping and entertainment, and only 10 minutes to the beach. This property offers the best of both worlds: a solid structure with immediate livability and clear paths to increased equity. Whether you're an investor looking for a quick turnaround / rental income or a future homeowner wanting to create custom value, this one checks all the boxes. Investor notes: LTR: 1,400 /mo current (lease ending in May), 2,200 /mo potential w/o updates, 2,500 /mo if converted back to a 3 bed. Very little nearby competition. STR: 40k gross /yr, at only half year occupancy. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” please reach out to the listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.
Status:
Active
Type:
Single-family residential
Laundry Remarks:
Electric Dryer Hookup, In Garage, Washer Hookup
Subdivision:
MONROE HEIGHTS
Garage:
1-car
Heating:
Electric
Cooling:
Central Air, Wall/Window Unit(s)
Acreage:
0.19
Est. Taxes:
$3,071
Construction
Block, Stucco
Utilities
Electricity Connected, Sewer Connected, Water Connected
Days on Market:
8
Appliances:
Dishwasher, Electric Water Heater, Range, Refrigerator
Min Lease Term:
No Minimum
MLS #:
TB8376729
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of RICHARD PETERS REALTY LLC Phone: 352-448-9712