940 W 36th Street # 1, Riviera Beach FL 33404 | Palm Beach County | R11169387
- $419,000
- $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
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Address: 36th
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City: Riviera Beach
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Zip/Postal Code: 33404
Details
Updated on July 7, 2026 at 2:53 pm-
Property ID R11169387
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Price $419,000
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Property Size 1680 Sq Ft
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Bathrooms 2
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Year Built 1980
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Property Status Active, Residential Income
Additional details
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Flooring Ceramic Floor
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Cooling Central Air, Electric
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Area Rain-bow Gardens
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Annual Tax 3867
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Subdivision RAIN-BOW GARDENS
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Total Stories 1
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Heating Central, Electric
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Structure Type Duplex
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Tax Year 2025
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Construction CBS Construction, Stucco
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Building Area 1720
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Middle School John F. Kennedy
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Year Built Details Resale
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High School Palm Beach Gardens
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Unit Number 1
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New Construction No
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Lot Size (Sq Ft) 0
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