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- $850k Price
- 2,100 Sqft
- 429 DOM
405 Se 23rd Ave
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.
Essential Information
- MLS® #A11350438
- Price$850,000
- Bathrooms0.00
- Square Footage2,100
- Year Built1973
- TypeResidential Income
- Sub-TypeTriplex
- StatusPending
Community Information
- Address405 Se 23rd Ave
- Area4330
- SubdivisionROBINSON
- CityBoynton Beach
- CountyPalm Beach County
- StateFL
- Zip Code33435-7290
Amenities
- UtilitiesCable Available
Interior
- InteriorTile, Other, Parquet
- HeatingHeat Pump
- CoolingCentral Air
- # of Stories1
- StoriesOne
Exterior
- RoofOther
- ConstructionBlock
Additional Information
- Listing Courtesy ofBeachfront Realty Inc
- Date ListedMarch 1st, 2023
- Contact Info786-985-1374
Price Change History for 405 Se 23rd Ave, Boynton Beach, FL (MLS® #A11350438)
| Date | Details | Change | |
|---|---|---|---|
| Price Increased from $795,000 to $850,000 | |||
| Price Reduced from $820,000 to $795,000 | |||
| Price Reduced from $855,000 to $820,000 | |||
| Price Reduced from $860,000 to $855,000 | |||
| Price Reduced from $870,000 to $860,000 | |||
| Show More (3) | |||
| Price Reduced from $875,000 to $870,000 | |||
| Price Increased from $849,900 to $875,000 | |||
| Price Reduced from $850,000 to $849,900 | |||