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405 SE 23rd Ave Boynton Beach FL 33435USA11350438
405 SE 23rd Ave Boynton BeachFL33435
850000.0000 1/1/1900 12:00:00 AM
Realty Executives of South Florida
643 East Atlantic BlvdPomano BeachFL33060
954-804-5668
1 /

Courtesy of: Eric Amsallem, Beachfront Realty Inc, eric@florida-invest.com

405 SE 23rd Ave
Boynton Beach FL 33435 US

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1 /

Courtesy of: Eric Amsallem, Beachfront Realty Inc, eric@florida-invest.com

Realty Executives of South Florida
643 East Atlantic Blvd
Pomano Beach, FL, US 33060
954-804-5668

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405 SE 23rd Ave
Boynton Beach FL 33435 US

$850,000

Pending Listing ID A11350438
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Triplex

$850,000

Pending Listing ID A11350438
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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.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Triplex
  • Features
  • Floor Covering: Other, Parquet Wood, Tile
  • Roof Type: Other
  • Heating Fuels: Heat Pump

Property

  • propertytype: Residential
  • propertysubtype: Triplex
  • listprice: 850000
  • unparsedaddress: 405 SE 23rd Ave
  • postalcity: Boynton Beach
  • stateorprovince: FL
  • country: US
  • postalcode: 33435
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 2100
  • livingareaunits: Square Feet
  • listagentfullname: Eric Amsallem
  • listagentemail: eric@florida-invest.com
  • listagentkey: 3yd-MAORFL-3185189
  • listagentmlsid: 3185189
  • listagentpreferredphone: 3054050615
  • listagentofficephone: 3054050615
  • listofficekey: 3yd-MAORFL-ROBR01
  • listagentstatelicense: 3185189
  • listofficemlsid: ROBR01
  • disclaimer: Copyright © 2024 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.
  • sourcesystemid: MAORFL
  • yearbuilt: 1973
  • listagenturl: http://www.beachfrontonline.com
  • countyorparish: Palm Beach
  • parcelnumber: 08434533060000090
  • constructionmaterials: Block
  • flooring: Other, Parquet Wood, Tile
  • heating: Heat Pump
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 8
  • roof: Other
  • waterfrontyn: False
  • architecturalstyle: Other
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Beachfront Realty, Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"leads@beachforntonline.com", "ListBrokerageCity":"Miami Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"roberts9300@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RAMDCFL/c5ababc31d722d79011d727e4e350036/20081106155310385.pjpeg", "ListBrokerageName":"Beachfront Realty, Inc", "ListBrokeragePhone":"305-405-0615", "ListBrokeragePostalCode":"33140", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"517 Arthur Godfrey Rd", "ListBrokerageWebsiteUrl":"http://www.beachfrontonline.com", "ListOfficeAddress1":"18205 Biscayne Blvd Ste 2205", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"0691034", "ListOfficeCity":"Aventura", "ListOfficeCountry":"US", "ListOfficeEmail":"beachfrontnews@beachfrontonline.com", "ListOfficePostalCode":"33160", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Triplex - Boynton Beach, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/405-SE-23rd-Ave_Boynton-Beach_FL_33435_M54110-29227?f=listhub&s=MAORFL&m=A11350438&c=rexren", "MLSModificationTimestamp":"2024-09-30T17:43:55Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7377, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 9:07:07 AM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Eric Amsallem, Beachfront Realty Inc, eric@florida-invest.com

Copyright © 2024 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.

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