405 SE 23rd Ave, Boynton Beach, FL 33435 Homes for Sale

For Sale

$850,000

• 0 beds
• 0 baths
• 2100 Sq Ft

405 SE 23rd Avenue,
Boynton Beach, FL, 33435

Palm Beach

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Overview

Listing Status Pending

MLS A11350438

Property Type

Triplex

Year built

1973

Total rooms

0

Lot size

0 Acres

Time on NeighborWho

-

Stories

-

Price per Sq Ft

$405

Parking

8e0 car garage

Basement

-

About 405 SE 23rd Ave, Boynton Beach, FL

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. Read more

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