Address405 Se 23Rd Ave, Boynton Beach, FL, 33435-7290
Price$850,000
- Residential Income
- 2,100 SQ FT
- Built in 1973
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
- Price/SqFt$405 USD
- 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
- InteriorParquet, Tile, Other
- HeatingHeat Pump
- CoolingCentral Air
- # of Stories1
- StoriesOne
Exterior
- RoofOther
- ConstructionBlock
Additional Information
- Date ListedMarch 1st, 2023
- Days on Website424
- Contact Info786-985-1374
Listing Details
- OfficeBeachfront Realty Inc
Price Change History for 405 Se 23Rd Ave, Boynton Beach, FL (MLS® #A11350438)
| Date | Details | Change | |
|---|---|---|---|
| Status Changed from Active to Pending | – | ||
| Price Increased from $795,000 to $850,000 | |||
| Price Reduced from $820,000 to $795,000 | |||
| Price Reduced from $855,000 to $820,000 | |||
| Price Reduced from $860,000 to $855,000 | |||
| Show More (4) | |||
| Price Reduced from $870,000 to $860,000 | |||
| Price Reduced from $875,000 to $870,000 | |||
| Price Increased from $849,900 to $875,000 | |||
| Price Reduced from $850,000 to $849,900 | |||
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®, and is updated as of April 28th, 2024 at 10:33pm EDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor NV Realty Group shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 MLS of MAR.
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