Basic Information

  • MLS # RX-11169398
  • Type Duplex / Quad Plex / Triplex
  • Subdivision/Complex Rain-bow Gardens
  • Year Built 1980
  • Total Sqft 1,680
  • Date Listed 03/05/2026
  • Days on Market 36
Description

Solid CBS duplex featuring two 2BR/1BA units, each approx. 840 sq ft, with two assigned parking spaces per unit and separate electric and water meters. Fully leased with tenants in place, including, providing stable income. Unit #1 rents for $1,874/mo, lease through 7/31/26, and Unit #2 rents for $1,817/mo, lease through 12/31/26, totaling $3,691/mo, $44,292 annually. Well maintained with updated windows, newer central A/C systems 2024 and 2025, and a brand-new roof being installed. Ideal for investors seeking immediate cash flow. Cash or conventional only—no FHA. Strong escrow deposit, 5-day inspection. If financed: 20-day loan approval and appraisal within 14 days. Not assignable; any assignment only to Buyer's wholly owned entity, 100% ownership, Buyer remains liable. The current homeowner's insurance policy through Citizens Insurance is approximately $12,000 per year due to the older roof, and the new roof is expected to reduce the insurance premium by an estimated $4,000-$5,000 annually once completed and permitted. Operating expenses are relatively low, with lawn maintenance averaging approximately $1,000 per year. With strong rental income, stable tenants, and a major capital improvement underway, this property presents a turnkey income-producing duplex with solid cash flow.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • WF Description None
  • Parking Description

Interior Features

  • Adjusted Sqft 1,680Sq.Ft
  • Sqft 1,680 Sq.Ft

Property Features

  • Aprox. Lot Size 5,747
  • Furnished Info No
  • Lot Description Less Than Quarter Acre
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex Rain-bow Gardens
  • Subdivision Info Rain-bow Gardens
  • Tax Amount $3,993
  • Tax Year 2025

920 W 36th #1

Riviera Beach, FL 33404

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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 ©2023-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.. tel: (561) 337-0369

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