920 W 36th Street 1, Riviera Beach, FL 33404

MLS® ID: R11169398

Description

920 W. 36th St., Riviera Beach, FL 33404 is a solid CBS duplex investment opportunity featuring two 2-bedroom, 1-bath units, each approximately 840 sq. ft., with two assigned parking spaces per unit and separate electric and water meters. Both units are tenant occupied with 12-month leases in place, producing a gross annual income of $44,292. Unit #1 rents for $1,874 per month and Unit #2 rents for $1,817 per month, with security deposits held by the landlord. The property has been well maintained with several recent improvements, including updated windows and newer central A/C systems--Unit #1 installed in 2024 and Unit #2 installed in 2025. The owner is also making a major capital improvement by installing a brand-new roof this year. representing an investment of approximately $10,000-$12,000. 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