Modern Living Group
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$419,000ACTIVE

Unit 1 · 940 W 36th Street 1, Riviera Beach, FL 33404

beds2baths1,680sq ft$249/ sq ft
THE RESIDENCE

About this home

**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.

THE DETAILS

Property details

List Price$419,000
Price / Unit$209,500
Units2
Cap Rate6.51%
Gross Income$38,292/yr
Net Operating Income$27,292
Inside Sq Ft1,680
Year Built1980
ConstructionBlock, Stucco
FlooringCeramic Tile
ZoningRM-15(
Lot Dimensions50.0 ft x 115.0 ft
Property TypeDuplex
MLS #R11169387
StatusActive
Original List Price$360,000
GRM10.9
Tenant PaysCable TV, Electricity, Sewer, Water
Show all details (7 more)
Stories1
Lot Size0.13 acres
WaterfrontNo
Days on Market24
Annual Taxes$3,867
CityRiviera Beach
Zip Code33404
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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BeachesMLSListing courtesy of Woolf Realty Inc. · sold@woolfrealty.com. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.