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405 SE 23rd Ave, Boynton Beach FL 33435

Multi-family Active With Contract
$850,000

BTC: 11.40631397

ETH: 320.48744255

259 days
0 room(s)
2,100 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Actual Cap rate 6.06%, Pro forma Cap Rate 6,64%! Welcome to a stunning fully renovated and stabilized triplex property in the heart of Boynton Beach. This property has undergone significant renovations in 2022-2023 totaling more than $80,000, making it an ideal investment opportunity. Brand new facade, fence, electrical and plumbing systems, central AC, and parking. Each unit boasts modern finishes, and the unit mix includes one (1) 1-Bed/1-Bath unit and two (2) 2-Bed/1-Bath units (some with washer & dryer) leased at market rate rents, generating $66.000 Gross income and a net operating income of $48,183 with a solid turnkey Cap Rate of 6.06%. Upside on the rent with a potential cap rate of 6.43% and $51,093 net income. OFFERING MEMORANDUM AVAILABLE ON REQUEST.

Location

Florida • Boynton Beach • 33435 • Multi-family • Active With Contract

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1973
Lot:
No Data
Heating:
Reverse Cycle Unit
Price/sqft:
$405
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Other

    • Parquet

    • Tile

    Heating

    • Reverse Cycle Unit

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 08434533060000090

    • Zoning: C2 (city

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Other financial information

    • Annual tax amount: $7,377

  • Source details

    • MLS ID: A11350438

    Other facts

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Attached / Other

    • Living Area: 2100

    • Subdivision Name: ROBINSON

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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 ©2024-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: Beachfront Realty Inc