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

Multi-family For Sale
$419,000

BTC: 6.54687500

ETH: 220.22032544

+$59K (2026/05/03)
130 days
0 room(s)
1,680 sqft

Overview

**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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1980
Lot:
0.13 Acres
Heating:
Central / Electric
Price/sqft:
$249
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$404,500
$287K – $762K
Confidence Low
List vs. estimate
$14K above estimate
List $419,000 · +3.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$249
-18.3% vs. city median $305
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $322K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,867
2025
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

  • Property

    • Levels: 1

    • Exterior Features: West Of Us1 / None

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 56434229180000060

    • Zoning: RM-15(

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $3,867

  • Source details

    • MLS ID: R11169387

    Other facts

    • Construction Materials: CBS Construction / Stucco

    • Lot Features: Less Than 1/4 Acre Lot / Less Than 1 Acre / West Of US 1

    • Living Area: 1680

    • Water Source: Public

    • Subdivision Name: RAIN-BOW GARDENS

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Woolf Realty Inc.