Price Reduced 2.86%
Price History
$850,000
3/1/2023
$849,900
3/29/2023
$875,000
4/13/2023
$870,000
6/6/2023
$860,000
6/14/2023
$855,000
7/3/2023
$820,000
7/13/2023
$795,000
7/20/2023
$850,000
8/29/2023
405 SE 23rd Ave, Boynton Beach, FL, 33435
1973
2,100 sqft
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.
Status:
Pending
Type:
Multi-family
Zoning:
C2 (city
Subdivision:
ROBINSON
Heating:
Heat Pump
Cooling:
Central Air
Parking:
8-car
Est. Taxes:
$7,377
Construction
Block
Utilities
Cable Available
Lot Description:
< 1/4 Acre
Days on Market:
259
Pool:
None
MLS #:
A11350438
Community Info
School Info
Walk Score
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Listing courtesy of Beachfront Realty Inc Phone: 305-405-0615