405 SE 23rd Ave Boynton Beach, FL 33435
Overview
- Status: Pending
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- 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: 443 days
- Updated: Listing Refreshed: 184 Days Ago
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 |
Contact Information
This property is courtesy of the Beachfront Realty Inc. 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.