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4 unit multifamily fully redone 401 SE 23rd Ave 4 Unit Apartment Building $1,050,000 ($262,500/Unit) 6% Cap Rate Boynton Beach, FL 33435
Executive Summary
Fully renovated 4-unit CBS East Boynton, minutes to the beach and US-1. Mix: (2) 2BR/1BA + (2) studios. 2021–2025 upgrades: full interior renovations (kitchens/baths/flooring/appliances), complete electrical, new A/Cs, exterior paint, fencing, landscaping, parking resurfacing under permit.
Available alone or with adjacent 333-337 SE 23rd (MLS #A11892514) for scale.
Offering Memorandum available upon request
Available alone or with adjacent 333-337 SE 23rd (MLS #A11892514) for scale.
Offering Memorandum available upon request
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$81,100
|
$30.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,100
|
$30.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,083
|
$8.70
|
| Net Operating Income |
$58,017
|
$21.88
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $81,100 |
| Annual Per SF | $30.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,100 |
| Annual Per SF | $30.58 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $23,083 |
| Annual Per SF | $8.70 |
| Net Operating Income | |
|---|---|
| Annual | $58,017 |
| Annual Per SF | $21.88 |
Property Facts Under Contract
| Price | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $262,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.79 AC |
| Cap Rate | 6% | Building Size | 2,652 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | ||
| Zoning | C2 | ||
| Price | $1,050,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Build to Suit |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.79 AC |
| Building Size | 2,652 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1973 |
| Zoning | C2 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | 900 |
| Studios | 2 | - | 650 |
1 1
Property Taxes
| Parcel Number | 08-43-45-33-06-000-0100 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $522,455 (2025) |
Property Taxes
Parcel Number
08-43-45-33-06-000-0100
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$522,455 (2025)
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4 unit multifamily fully redone | 401 SE 23rd Ave
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