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940 W 36th Street

$419,000

940 W 36th Street, Riviera Beach, FL 33404

Active
Last Updated: 06/10/2026

27,292

NOI

1,720 sqft

Building Size

Details:
NOI:    $27,292
Building Size:    1,720 sqft
Units:    2
Year Built:    1980
Floors:    1
Gross Leaseable Area:    1,680
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot, Less Than 1 Acre, West Of US 1
  • Gross Income: 38292
  • Bathrooms Total: 2
  • Documents Available: Other Documents Available
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Electric: 3 Phase Electric
  • Flooring: Ceramic Floor
  • Construction Materials: CBS Construction, Stucco
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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