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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 419,000

Est. payment -/mo

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940 W 36th ST #1 Riviera Beach, FL 33404

1,680 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,680 sqft

Price per Sqft $249

Subdivision Rain-Bow Gardens

MLS Listing ID R11169387

HOA Y/N No

Year Built 1980

Annual Tax Amount $3,867

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Duplex

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.

Location

State FL

County Palm Beach

Community Rain-Bow Gardens

Area 5280

Direction Blue Heron to Avenue H north to W 36th st

Interior

Interior Features Main Living Area Entry Level

Heating Central, Electric

Cooling Central Air, Electric

Flooring Ceramic Tile

Exterior

Exterior Feature None

Pool None

Utilities Available Cable Available, Electricity Available, Water Available, Sewer Available

Roof Type Composition

Street Surface Paved

Private Pool No

Building

Lot Description <1 Acre, < 1/4 Acre

Story 1

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Level or Stories One

Structure Type Block,Stucco

Schools

Middle Schools John F. Kennedy

High Schools Palm Beach Gardens

Others

Pets Allowed No Pet Restrictions

Senior Community No

Tax ID 56434229180000060

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed No Pet Restrictions

Virtual Tour https://www.propertypanorama.com/940-W-36th-Street-1-Riviera-Beach-FL-33404/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Woolf Realty Inc.

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

940 W 36th ST #1 Riviera Beach, FL 33404

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940 W 36th ST #1