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FullyRenovated Pool House + 2 units (triplex) 333 SE 23rd Ave 3 Unit Apartment Building $1,050,000 ($350,000/Unit) 5.40% Cap Rate Boynton Beach, FL 33435
EXECUTIVE SUMMARY
Renovated Pool House + 2 units (triplex) in East Boynton, minutes to the beach and US-1. Includes a 3BR/2BA single-family home with private pool plus two 2BR/1BA units with private backyards. 2021–2025 upgrades: full interior renovations (kitchens/baths/flooring/appliances), complete electrical, new A/Cs, fencing, exterior paint, landscaping, resurfaced parking. 7 parking spaces under permit. Stable in-place income with room to grow. Available alone or with adjacent 401 SE 23rd for scale.
Offering Memorandum available upon request.
Offering Memorandum available upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$84,000
|
$21.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,000
|
$21.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
$27,312
|
$7.14
|
| Total Expenses |
$27,312
|
$7.14
|
| Net Operating Income |
$56,688
|
$14.81
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $21.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $21.95 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $27,312 |
| Annual Per SF | $7.14 |
| Total Expenses | |
|---|---|
| Annual | $27,312 |
| Annual Per SF | $7.14 |
| Net Operating Income | |
|---|---|
| Annual | $56,688 |
| Annual Per SF | $14.81 |
PROPERTY FACTS
| Price | $1,050,000 | Property Subtype | Apartment |
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.40% | Building Size | 3,827 SF |
| Sale Condition | Build to Suit | No. Stories | 1 |
| No. Units | 3 | Year Built | 1972 |
| Property Type | Multifamily | ||
| Zoning | C2 | ||
| Price | $1,050,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Sale Condition | Build to Suit |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,827 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | C2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | 1,042 |
| 3+2 | 1 | - | 1,515 |
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FullyRenovated Pool House + 2 units (triplex) | 333 SE 23rd Ave
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