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

• 2 baths |
• 1,680 sqft

Property 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.

Listing Status:

Active

Date Added:

March 6, 2026

Data Last Updated:

July 3, 2026 at 6:06PM

Listing Office:

Woolf Realty Inc. : 561-337-0369

Listing Agent:

Jonathan Woolf : 561-337-0369

MLS ID:

R11169387

Interior

• Flooring: Ceramic Floor
• A/C: Central AirElectric
• Heating: CentralElectric

Exterior

• General: West Of Us1None

Construction

• Roofing: Composition Roll
• General: CBS ConstructionStucco1

Location

• Road/Access: Paved RoadU.S. Hwy
• Originating MLS: Miami Association of REALTORS®
• County: Palm Beach County

Lot

• Zoning: RM-15(RAIN BOW GARDEN LT 656434229180000060

Utilities

• Utilities: Cable ConnectedElectricity ConnectedSewer ConnectedWater ConnectedCable AvailableElectricity AvailableSewer AvailableWater Available3 Phase ElectricElectricity on Property
• Water: Public
• Sewer: At SitePublic SewerOtherPublic SanitationSewer

Financial

• Source: Miami Association of REALTORS®