January 18, 2024 – Alec Bashein and Travis Jones of Horvath & Tremblay have arranged the sale of the 36th Street Flats, an eight (8) unit multi-family property in Riviera Beach, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $990,000.
The 36th Street Flats is located at 965-975 36th Street in Riviera Beach, Florida. The 36th Street Flats is an eight (8) unit apartment community with three (3) buildings constructed of concrete block in 1968 and is situated on .36 acres of land. The Property has a unit mix consisting of five (5) studio, two (2) One-Bedroom/One-Bathroom and one (1) Two-Bedroom/One-Bathroom units. Units are renovated with granite counters, vinyl wood flooring and updated black and stainless-steel appliances. The Property is located approximately 3 miles from Riviera Beach and the Atlantic Ocean and features close proximity to Broadway (US-1), which is lined with employment, dining and entertainment opportunities. The Property is located towards the easternmost boundary of the city of Riviera Beach and is within close proximity to many parks, area schools, and local amenities. Also, the Property is located less than a brief 20-minute commute to Palm Beach International Airport. The Property is situated within close proximity to the pristine Riviera Beaches, Phil Foster Park and Peanut Island, all of which are waterfront amenities located nearby. Access to all of South Florida is facilitated via Interstate-95 (I-95) and the Florida Turnpike, which are both just a few miles west of the Property.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the country. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.