940 W 36th Street 1, Riviera Beach, FL 33404
RAIN-BOW GARDENS · Palm Beach County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1980
Stories
1
Living Area
1,720 sq ft
Lot Size
0.13 acres
Lot Dimensions
50.0 ft x 115.0 ft
Parking Spaces
4
Zoning
RM-15(
Days on Market
70
MLS® Listing#
R11169387
Property Features
Exterior
Cooling
Heating
Flooring
Construction
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Lincoln
- Middle:
- John F. Kennedy (Palm Beach)
- High:
- Palm Beach Gardens
Financial Details
HOA
None
Annual Taxes
$3,867
Tax year 2025
Parcel Number
56434229180000060
Directions
Blue Heron to Avenue H north to W 36th st
Affordability Calculator
$83,800
Estimated monthly payment
$2,230/mo
Principal $335,200 · Est. interest $467,634 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riviera Beach, FL
- $502,878
- Median Listing Price
- 113
- Median Days on Market
- 1,423
- Median Sq Ft
- $383
- Median Price / Sq Ft
- 27,871
- Active Listings
- This home’s price is 17% below the area median.
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riviera Beach, FL.
Location
- 940 W 36th Street 1, Riviera Beach, FL 33404
Points of Interest in Riviera Beach, FL
Showing the Riviera Beach area map.
Nearby Schools
Twiggs Academy
School · 0.2 mi away
Inlet Grove Community High School
Secondary · 0.4 mi away
Lake Park Baptist School
Secondary · 0.6 mi away
Lake Park Elementary School
Elementary · 0.6 mi away
Coastal Middle & Senior High School
Secondary · 0.6 mi away
R J Hendley Christian Community School
School · 0.7 mi away
CSB Media Arts Center North Palm Beach, Fl
Secondary · 1.0 mi away
Palm Beach Code School
School · 1.0 mi away
Washington Elementary
Elementary · 1.0 mi away
Maccabi Academy
School · 1.1 mi away
Suncoast Community High School
Secondary · 1.2 mi away
John F. Kennedy Middle School
Secondary · 1.2 mi away
Potentials Charter School
Elementary · 1.3 mi away
Baldwin Prep School
Elementary · 1.3 mi away
Palm Beach County School District
Elementary · 1.3 mi away
Lincoln Elementary School
Elementary · 1.3 mi away
Riviera Beach Maritime Academy
School · 1.4 mi away
Dr. Mary McLeod Bethune Elementary School
Elementary · 1.4 mi away
Snow White Private School
School · 1.4 mi away
The Conservatory School
School · 1.5 mi away
Commute Calculator
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|---|---|---|---|---|
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| 1109 HANSBERRY COURT, ORMOND BEACH, FL | $294,000 | 2 | 3 | 1,604 |
| 1109 Hansberry Court, Ormond Beach, FL | $294,000 | 2 | 3 | 1,604 |
| 5749 Gemstone Ct 307, Boynton Beach, FL | $294,500 | 3 | 2 | 1,795 |
Moving Cost Estimate
EXIT Agents in Riviera Beach
Listing Courtesy: Woolf Realty Inc. - 5613370369
The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.