Eric Miller
Cell: 954-383-8170
405 Se 23rd Ave, Boynton Beach
$850,000
0 Bed
0 Bath
2,100 Sqft
0 Acre
0 Garage
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.
Essential Information
MLS® #A11350438
Price$850,000
Bathrooms0.00
Square Footage2,100
Acres0.00
Year Built1973
TypeResidential Income
Sub-TypeTriplex
StatusPending
Community Information
Address405 Se 23rd Ave
Area4330
SubdivisionROBINSON
CityBoynton Beach
CountyPalm Beach County
StateFL
Zip Code33435-7290
Amenities
UtilitiesCable Available
Interior
InteriorTile, Other, Parquet
HeatingHeat Pump
CoolingCentral Air
# of Stories1
StoriesOne
Exterior
RoofOther
ConstructionBlock
Additional Information
Date ListedMarch 1st, 2023
Days on Market424
Contact Info786-985-1374
Listing Details
Listing Courtesy ofBeachfront Realty Inc
LISTING MAP
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