940 36th Street 1, Riviera Beach, FL 33404
- MLS#: R11169387 ( Residential Income )
- Street Address: 940 36th Street 1
- Viewed: 5
- Price: $389,900
- Price sqft: $227
- Waterfront: No
- Year Built: 1980
- Bldg sqft: 1720
- Total Baths: 2
- Days On Market: 4
- Additional Information
- Geolocation: 27 / -80
- County: Palm Beach
- City: Riviera Beach
- Zipcode: 33404
- Subdivision: Rain Bow Gardens
- Elementary School: Lincoln
- Middle School: John F. Kennedy (Palm Beach)
- High School: Palm Beach Gardens
- Provided by: Woolf Realty Inc.
- DMCA Notice
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DescriptionWell maintained CBS duplex investment property featuring two 2 bedroom, 1 bath units with four total parking spaces, two per unit, and separate electric and water meters. Fully leased with tenants in place, providing stable and consistent rental income. Unit #1 rents for $1,500 per month, lease ends 12/31/2026, and Unit #2 rents for $1,691 per month, lease ends 10/31/2026, totaling $3,191 per month, $38,292 annually. Security deposits held by landlord and rent due on the first of each month. Property features updated windows, roof installed in 2019, and central A/C in both units, including a brand new A/C in Unit #1. Each unit includes washer and dryer hookups and assigned parking. Ideal for investors seeking immediate cash flow. Cash or conventional financing onlyno FHA. Strong escrow deposit required, 5 day inspection period. If financed, loan approval within 20 days and appraisal within the first 14 days. Contract is not assignable. Any permitted assignment must be to an entity solely owned and controlled by Buyer, 100% ownership; Buyer shall remain liable. Limited accessshowings by appointment only and require coordination.
Property Location and Similar Properties
Features
Building and Construction
- Exterior Features: None
- Flooring: Ceramic Tile
- Roof: Composition
School Information
- High School: Palm Beach Gardens
- Middle School: John F. Kennedy (Palm Beach)
- School Elementary: Lincoln
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Central Air, Electric
- Electric: Three Phase
- Heating: Central, Electric
- Pets Allowed: Yes, Pet Restrictions Possible
- Road Frontage Type: West of US-1
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Finance and Tax Information
- Tax Year: 2025
Rental Information
- Tenant Pays: Cable TV, Electricity, Sewer, Water
Other Features
- Legal Description: RAIN BOW GARDEN LT 6
- Parcel Number: 56434229180000060
- Zoning Code: RM-15(
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