405 SE 23rd Ave, Boynton Beach, FL, 33435

405 SE 23rd Ave, Boynton Beach, FL, 33435 < >
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for sale
$850,000
Square Feet:2100
Year Built:1973
Status:Pending
MLS #:A11350438
Date Updated:
For information contact:
Robert James Graham
954-837-3472
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Go See This Home
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 ME
Interior Details
Floor Description: Other Floors, Parquet Floors, Tile FloorsSq Ft Liv Area: 2100
Sq Ft Total: 2100Style: Triplex
Num Stories: 1.0000

Exterior Details
Lot Description: Less Than 1/4 Acre LotRoof Description: Other Roof

Community Information
Area: 4330County Or Parish: Palm Beach County
Flood Zone: XGeographic Area: Palm Beach 4200; 4210; 4320; 4330;
Subdivision Complex Bldg: ROBINSONSubdivision Name: ROBINSON
Zoning Information: C2 (cityParcel Number MLX: 0090

Property Information From MLS Data
Construction Type: Concrete Block ConstructionVirtual Tour: Click here
Year Built: 1973Property Type: Multi-Family Income

Financial Information
Auction YN: 0REOYN: 0
Short Sale YN: 0

Utilities
Cable Available YN: 1Cooling Description: Central Cooling
Heating Description: Reverse Cycle UnitSewer Description: Municipal Sewer

Walk Score® for 405 SE 23rd Ave
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Monthly Payment for 405 SE 23rd Ave
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$850,000
Down Payment:
Loan Amount:$680,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Beachfront Realty Inc
Information obtained from FLMAOR is current as of 4/26/2024 1:22 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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