405 SE 23rd Ave, Boynton Beach, 33435
Buy
405 SE 23rd Ave, Boynton Beach, 33435
Quick Details
- Property Type
- Triplex
- 2100
- sqft
- 1973
- Year Built
Description
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.
Address
Open on Google Maps- Address 405 SE 23rd Ave
- City Boynton Beach
- State/county Florida
- Zip/Postal Code 33435
- Area Palm Beach County
Details
- MLS #: A11350438
- Price: $850,000
- Property Size: 2100 sqft
- Year Built: 1973
- Property Type: Triplex
- Property Status: Buy
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View ListingsFor more information about this Triplex for Buy currently listed for $850000 located in 405 SE 23rd Ave Boynton Beach, Florida 33435 please call our real estate office at 1-(305) 728-0840
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