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56 W 12th Street, Riviera Beach, FL 33404

$1,365,000
: 4,760
SqFt

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Sold Price: $1,365,000
List Price: $1,400,000
Days on Market: 115
Closing Date: May 01, 2026
MLS#: A11939822
Year Built: 2021
Living Area: 4,760
MLS Area Major: 5280

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Property Description

MOTIVATED SELLER WITH A HIDDEN GEM IN PLAIN SIGHT -- This 2021 CBS building is an incredible deal for an experienced investor with four spacious 3-bedroom, 2-bathroom apartments, an outstanding opportunity to capture long-term upside in a rapidly appreciating waterfront corridor. Perfectly positioned in the revitalized Marina Village District, this property offers unmatched proximity to: The iconic Peanut Island, The Port of Palm Beach Terminals, Award-winning snorkeling and stunning watersport facilities. The Related Group is currently constructing 149 Residences at Marina Village, rising 8 stories, while SobelCo is building a transformative 1.23 million SF development with 508 new condos on the 4.27 acres full city block site right in front of this quadplex. Currently, 2 units are vacant with ownership paying about $450/month in utilities for the whole building. (DISCLAIMER: Seller may, at seller’s sole discretion, withdraw the property from the market or suspend marketing activities at any time, including but not limited to ongoing lease negotiations with a corporate tenant. Listing subject to change or withdrawal without notice. No obligation to sell is implied.)

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Additional Information

Taxes: $14,198
Zoning: CG (city
Utilities: Cable Available
Heating: Central, Electric, Separate Meters
Air Conditioning: Central Air, Ceiling Fan(s), Electric
Exterior Construction: Block
Roof: Other, Shingle
Elementary School: Lincoln
Middle School: John F. Kennedy (Palm Beach)
High School: William T. Dwyer