405 SE 23rd Ave, Boynton Beach FL 33435

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Pending

$850,000

405 SE 23rd Ave, Boynton Beach, FL 33435

bedrooms

bathrooms

square feet

2,100

Acreage

Open Houses

year built

1973

Full Baths

Half Baths

Find out more

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.

Location
Subdivision	Robinson
County	Palm Beach
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: A11350438

Listing agent: Eric Amsallem #3185189

Listing broker: Beachfront Realty, Inc (305) 405-0615

Copyright © 2025 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, January 14 2025 at 10:29 p.m. EST

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