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Townhome/Townhouse Sale Pending
405 SE 23rd Ave
Boynton Beach, Florida 33435
Palm Beach CountyCommunity: Robinson
$850,000
0 br, 0.0 bath
2100 sq. ft.
0.000 acres
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.
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 2100
- Year Built: 1973
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding: Block
- Roof: Other
- Property Taxes: $7,377
- MLS #: A11350438
Contact Information:
 | Call now 1-855-943-4259 |
Listing Agent: Eric Amsallem, Beachfront Realty, Inc, 305-405-0615, 305-405-0615
Listing Site, Listing Status: Pending
Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 3536318
Viewed 97 times.
Updated: Aug 29, 2023
