| MLS# A11350438 405 SE 23rd Ave 33435

Overview

Status: Pending

The real estate term "pending contract" means that someone has made an offer on the property and the seller has accepted. Typically contingent on a home inspection to the buyers satisfaction and financing. There could also be a home sale contingency which means the seller has an escape clause typically if another buyer comes along.
Parking No info
Size: 2,100 ft²/195.10 m²
Price Per: $404.76 ft²/$4,356.82 m²
Type: Multifamily
Built: 1973
HOA: No info
MLS Number: A11350438
View No info
On Site: 429 days
Updated: 171 Days Ago
Page Views: 0

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.

Price History

Date	Event	Price	Change Rate	Price Per
08/29/2023	Price Increased	$850,000.00	6.9%	$404.76 ft²/$4,356.82 m²
07/19/2023	Price Reduced	$795,000.00	3.0%	$378.57 ft²/$4,074.91 m²
07/12/2023	Price Reduced	$820,000.00	4.1%	$390.48 ft²/$4,203.05 m²
07/03/2023	Price Reduced	$855,000.00	0.6%	$407.14 ft²/$4,382.45 m²
06/14/2023	Price Reduced	$860,000.00	1.1%	$409.52 ft²/$4,408.08 m²
06/05/2023	Price Reduced	$870,000.00	0.6%	$414.29 ft²/$4,459.34 m²
04/12/2023	Price Increased	$875,000.00	3.0%	$416.67 ft²/$4,484.96 m²
03/01/2023	Listed	$849,900.00		$404.71 ft²/$4,356.31 m²

Features

Property Details for 405 SE 23rd Ave, Boynton Beach, FL 33435

Multifamily current status is Pending, 405 SE 23rd Ave is a Multifamily in , Boynton Beach, FL 33435 with property MLS ID# A11350438. This Multifamily has been listed on Best of Luxury Realty since March 02, 2023 and is currently priced at 850,000. This property was built in 1973.

Bedrooms
Bedrooms: No info
Bedroom Description: No info

Bathrooms
Full Bathrooms:
Half Bathrooms: No info
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: No info
View: No info

Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: Heat Pump
Cooling Description: No info

Building and Construction
Floor Description: Other, Parquet, Tile
Windows/Treatment: No info
Construction Type: Block
Year Built: 1973

School Information
Elementary School: No info
Middle School: No info
High School: No info

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $7,377.00 (2022)

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Area Specialist

Buyer/Tenant Etiquette

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Tracey Schmitt

Real Estate Advisor

Office: (305) 407-1657

Email: tracey@bestofluxuryrealty.com

Specialties:

Luxury Oceanfront Communities, Waterfront Single Family Homes

Memberships:

Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild

This property is courtesy of the Beachfront Realty Inc. This listing has been viewed 0 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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