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Franks Place 2211 SE 3rd St 10 Unit Apartment Building $6,300,000 ($630,000/Unit) Boynton Beach, FL 33435



Investment Highlights
- Portfolio sale - 8 Single Family Homes and 1 Duplex
- Can be sold as a business or real estate
- Located in Delray and Boynton Beach
Executive Summary
Property Overview
Investment Opportunity: Multi Family Single Family Homes / Sober Living Homes
- Property Type: 8 Single-Family Homes and One Duplex
- Location: Delray Beach and Boynton Beach, Florida
- Current Use: Operating as Sober Living Facilities
Key Features
- Residential Neighborhoods: Attractive settings in desirable areas, enhancing the appeal for tenants.
- Established Business: The property has been successfully operating as a sober living business for over 19 years, demonstrating stability and a solid track record.
- Licenses in Place: All necessary licenses and permits to operate the business are current and available for the buyer, ensuring a smooth transition.
- Flexible Options: The homes can be delivered as a turnkey business or vacant for individual sales, accommodating various investment strategies.
Investment Highlights
_ Possible partial owner financing available
- Diverse Revenue Streams: With eight single-family homes and one duplex, this property provides multiple income-generating opportunities.
- Market Demand: The sober living model meets a critical need in today’s housing landscape, with consistent demand in Florida’s growing real estate market.
- Potential for Growth: The option to deliver homes vacant allows for potential conversion to traditional rentals or other residential uses, catering to a wider tenant base.
- Strong Community Ties: Located in areas with supportive communities for sober living, ensuring a nurturing environment for residents.
Why Invest in Delray Beach and Boynton Beach?
- Thriving Real Estate Market: Both cities boast a robust real estate market with ongoing development, increasing property values, and a strong rental demand.
- Proximity to Amenities: Residents enjoy access to shopping, dining, parks, and beaches, enhancing the quality of life and attractiveness of the locations.
- Ideal Climate: With Florida’s warm weather, these cities offer year-round appeal for both residents and investors alike.
Conclusion
This is a unique opportunity for investors looking to expand their portfolio or enter the thriving market of sober living facilities. With a long-standing business model, flexible ownership options, and a prime location in Florida, this property presents a promising investment for the future.
For more information or to schedule a viewing, please contact us today!
Scott Pressman
Keyes Company Realtors
21065 Powerline Rd., Suite C7
Boca Raton, FL 33433
561.601.7774
scottpressman@hotmail.com
Investment Opportunity: Multi Family Single Family Homes / Sober Living Homes
- Property Type: 8 Single-Family Homes and One Duplex
- Location: Delray Beach and Boynton Beach, Florida
- Current Use: Operating as Sober Living Facilities
Key Features
- Residential Neighborhoods: Attractive settings in desirable areas, enhancing the appeal for tenants.
- Established Business: The property has been successfully operating as a sober living business for over 19 years, demonstrating stability and a solid track record.
- Licenses in Place: All necessary licenses and permits to operate the business are current and available for the buyer, ensuring a smooth transition.
- Flexible Options: The homes can be delivered as a turnkey business or vacant for individual sales, accommodating various investment strategies.
Investment Highlights
_ Possible partial owner financing available
- Diverse Revenue Streams: With eight single-family homes and one duplex, this property provides multiple income-generating opportunities.
- Market Demand: The sober living model meets a critical need in today’s housing landscape, with consistent demand in Florida’s growing real estate market.
- Potential for Growth: The option to deliver homes vacant allows for potential conversion to traditional rentals or other residential uses, catering to a wider tenant base.
- Strong Community Ties: Located in areas with supportive communities for sober living, ensuring a nurturing environment for residents.
Why Invest in Delray Beach and Boynton Beach?
- Thriving Real Estate Market: Both cities boast a robust real estate market with ongoing development, increasing property values, and a strong rental demand.
- Proximity to Amenities: Residents enjoy access to shopping, dining, parks, and beaches, enhancing the quality of life and attractiveness of the locations.
- Ideal Climate: With Florida’s warm weather, these cities offer year-round appeal for both residents and investors alike.
Conclusion
This is a unique opportunity for investors looking to expand their portfolio or enter the thriving market of sober living facilities. With a long-standing business model, flexible ownership options, and a prime location in Florida, this property presents a promising investment for the future.
For more information or to schedule a viewing, please contact us today!
Scott Pressman
Keyes Company Realtors
21065 Powerline Rd., Suite C7
Boca Raton, FL 33433
561.601.7774
scottpressman@hotmail.com
Property Facts
| Price | $6,300,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $630,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 15,000 SF |
| No. Units | 10 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1970 |
| Zoning | Residential - Residential / Multi Family | ||
| Price | $6,300,000 |
| Price Per Unit | $630,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | Residential - Residential / Multi Family |
Amenities
Unit Amenities
- Washer/Dryer
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 08-43-45-33-03-000-0291 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $562,760 |
Property Taxes
Parcel Number
08-43-45-33-03-000-0291
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$562,760
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Franks Place | 2211 SE 3rd St
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