940 W 36th Street 1, Riviera Beach, FL 33404

Listing Snapshot

About This Home

**Terms:** Cash, Conventional, or Seller Financing. **Seller Financing Available:** 15% down payment, 6.5% interest rate, amortized over 30 years with a negotiable balloon payment. Additional terms may apply. **Offer Guidelines:** Large escrow deposit preferred. Financing contingency includes 20-day loan approval, appraisal completed within 14 days, and a 5-day inspection period. Well-maintained CBS duplex investment property featuring two 2-bedroom, 1-bath units with separate electric and water meters and four total parking spaces (two per unit). *see supplement remarks and mls documents* The property is fully leased with stable rental income: • Unit #1: $1,500/month (lease expires 1/1/2027) • Unit #2: $1,691/month (lease expires 11/1/2026) **Total Gross Rental Income:** $3,191/month ($38,292 annually). Security deposits are held by the landlord, and rent is due on the 1st of each month. Property features a 2019 roof, updated windows, and a brand-new central A/C system in Unit #1. Age of the A/C system in Unit #2 is unknown. The windows have been updated but are not impact-rated. Both units include washer/dryer hookups, assigned parking, and separate electric and water meters, helping minimize landlord utility expenses. Approximate annual expenses include insurance of $8,000 per year and lawn maintenance of approximately $500 per year. The property requires minimal exterior maintenance. **See attached documents in the listing for leases, income information, expense details, and additional property information.** This reads well for investors because it highlights the separate meters, low-maintenance nature of the property, and provides enough expense information to start evaluating cash flow.

General Features

Property Type

ResidentialIncome

Sub-type

Duplex

Stories

1

Parking Spaces

4

Zoning

RM-15(

Utilities

CableAvailable,ElectricityAvailable,SewerAvailable,WaterAvailable

Subdivision

RAIN-BOW GARDENS

Interior Features

Flooring

CeramicTile

Heating

Central,Electric

Cooling

CentralAir,Electric

Exterior Features

Construction

Block,Stucco

Exterior Features

None

Roof

Composition

Lot Features

LessThanQuarterAcre

Pool

No

Waterfront

No

Waterfront Features

None

Community Features

MLS Area

5280

Schools

Map

Virtual Tour