940 W 36th Street 1Riviera Beach, FL 33404

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