Basic Information

  • MLS # A11350438
  • Type Duplex / Quad Plex / Triplex
  • Style Triplex
  • Status Pending
  • Subdivision/Complex Robinson
  • Year Built 1973
  • Total Sqft 2,100
  • Date Listed 03/01/2023
  • Days on Market 443
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-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.

Exterior Features

  • Waterfront No
  • Pool No
  • Construction Type Block
  • Parking Spaces 0
  • Parking Description
  • Roof Description Other

Interior Features

  • Adjusted Sqft 2,100
  • Cooling Description CentralAir
  • Floor Description Other,Parquet,Tile
  • Heating Description HeatPump
  • Sqft 2,100

Property Features

  • Address 405 SE 23rd Ave
  • Aprox. Lot Size 2,100
  • City Boynton Beach
  • Construction Materials Block
  • County Palm Beach County
  • Furnished Info No
  • Levels One
  • Listing Terms Cash,Conventional
  • Lot Description Approx 14 Acre
  • Lot Features Approx 14 Acre
  • Occupant Type Tenant
  • Pool Features None
  • Possession CloseOfEscrow
  • Postal City Boynton Beach
  • Public Survey Section One
  • Roof Other
  • Sewer Description PublicSewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Robinson
  • Tax Amount $7,377
  • Tax Information ROBINSON ADD LT 9
  • Tax Year 2022
  • Terms Considered Cash,Conventional
  • Type of Property Triplex
  • Year Built Details Effective Year Built

405 SE 23rd Ave

Boynton Beach, FL 33435

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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

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