1401 SW 3rd St
- Boynton Beach, FL 33435
- $950,000
- 3 Bed(s)
- 2 Baths
- 2,164 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-Bed1-Bath unit and two 2 2-Bed1-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.
The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Beachfront Realty Inc
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The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Beachfront Realty Inc
Real Estate IDX Powered by: TREMGROUP
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