| 405 SE 23rd Ave Boynton Beach, FL 33435 |
| Listed Date YYYY/MM/DD:2023-03-01 | ID: 1011350438 |
| Price: $850,000 | County: Palm Beach County |
|
| Area: 4330 | Square Footage: |
| Property Tax: $7,377.00 |
| Sewer Description: Municipal Sewer | Zoning Information:C2 (city |
| Folio Number: 08434533060000090 |
| Number of Units: | Year Built: 1973 |
| Number of Parking Spaces:8 |
| Lot Description: Less Than 1/4 Acre Lot |
| Year Built Description: Effective Year Built | Gross Rent Income: $ |
| Net Operating Income: $ | Number of Stories: 1.0000 |
| Tax Year: 2022 | Tax Information:Tax Reflects City & County Tax |
| Legal Description: ROBINSON ADD LT 9 |
| 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. |
