Investment Overview

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.