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