405 SE 23rd Ave Boynton Beach, FL 33435
405 SE 23rd Ave, Boynton Beach, FL 33435 - 0 Beds, 0 Bath
405 SE 23rd Ave, Boynton Beach, FL 33435 - 0 Beds, 0 Bath
405 SE 23rd Ave, Boynton Beach, FL 33435 - 0 Beds, 0 Bath
Snapshot
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.
More Details
History
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Price Changed | $850,000 +6.92% | $405 | Beachfront Realty Inc | |
| Price Changed | $795,000 -3.05% | $379 | Beachfront Realty Inc | |
| Price Changed | $820,000 -4.09% | $390 | Beachfront Realty Inc | |
| Price Changed | $855,000 -0.58% | $407 | Beachfront Realty Inc | |
| Price Changed | $860,000 -1.15% | $410 | Beachfront Realty Inc | |
| Price Changed | $870,000 -0.57% | $414 | Beachfront Realty Inc | |
| Price Changed | $875,000 +2.95% | $417 | Beachfront Realty Inc | |
| Price Changed | $849,900 -0.01% | $405 | Beachfront Realty Inc | |
| Listed For Sale | $850,000 | $405 | Beachfront Realty Inc |
