10
  • 2
  • Bathrooms
  • 1680 Sq Ft
  • Area Size
940 W 36th Street # 1, Riviera Beach FL 33404 | Palm Beach County | R11169387
  • $419,000

Description

**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.

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  • Address: 36th
  • City: Riviera Beach
  • Zip/Postal Code: 33404

Details

Updated on July 7, 2026 at 2:53 pm
  • Property ID R11169387
  • Price $419,000
  • Property Size 1680 Sq Ft
  • Bathrooms 2
  • Year Built 1980
  • Property Status Active, Residential Income

Additional details

  • Flooring Ceramic Floor
  • Cooling Central Air, Electric
  • Area Rain-bow Gardens
  • Annual Tax 3867
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Subdivision RAIN-BOW GARDENS
  • Total Stories 1
  • Heating Central, Electric
  • Structure Type Duplex
  • Tax Year 2025
  • Construction CBS Construction, Stucco
  • Building Area 1720
  • Middle School John F. Kennedy
  • Year Built Details Resale
  • High School Palm Beach Gardens
  • Unit Number 1
  • New Construction No
  • Lot Size (Sq Ft) 0

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Christopher Lazaro

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