Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to present Inlet City Apartments, a 10-unit multifamily property in the heart of Riviera Beach, Florida. Built in 1959, this concrete block construction property spans 4,056 square feet and is situated on a 0.44-acre lot and consists entirely of one-bedroom, one-bathroom units, offering a simple and efficient unit mix in a prime location. Located at 632 W 7th St, Inlet City Apartments enjoys proximity to key local and regional amenities. The Port of Palm Beach, approximately 2 miles away, serves as a major economic driver, providing ample employment opportunities. The property is also near Riviera Beach Marina Village, less than 2 miles away, which offers vibrant dining and recreational options, including waterfront activities. Residents will appreciate being only 2 miles from beautiful beaches, providing convenient access to South Florida’s iconic coastal lifestyle. Additionally, the property is located near several schools, grocery stores, and public transit options, making it highly desirable and convenient for tenants. Inlet City Apartments presents an excellent value-add opportunity for investors seeking a stable, income-generating asset in a growing market. Its concrete block construction ensures durability, while the simple unit mix and strong rental demand in Riviera Beach promise steady cash flow. With potential for rent increases and property appreciation, Inlet City Apartments is an attractive addition to any multifamily portfolio.