Price $850,000.00
Listing ID A11350438
Status For Sale
405 SE 23rd Ave, Boynton Beach FL 33435
Area Boynton Beach
Square Ft 2,100
Lot Size 0
Year Built 1973
Taxes $7,377


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.


  • Cooling
  • Heating
  • Fireplace
  • View
  • Waterfront
  • Garage
  • Association

Map Location

Copyright 2020 Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Miami Association of Realtors MLS data last updated on 10/4/2023 1:00:00 AM