$ 419,000
-
$419,000
Price -
4
Bed -
2
Bath -
1,680
SqFt
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About the Listing 407266 - 60691926
**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.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air,Electric
- Heating: Central,Electric
- Fireplaces:
- Floor: Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Pets Allowed
- Water: Multiple Meters,Public
Exterior Details
- Lot Description: < 1/4 Acre
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 50.0 ft x 115.0 ft
- Zoning: RM-15(
- Roof: Composition
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,867
- Taxes w/Assessments: N/A
- Tax/Property ID: 56434229180000060
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
940 W 36th St Unit 1 Riviera Beach, FL 33404
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