Listed by Beth Abrams and David Abrams from ERA Home Run Real Estate

Bought with Eric Amsallem

Source: MIAMI Association of REALTORS® #R10754752

401 Southeast 23rd Avenue, Boynton Beach, FL, 33435

$490,000

5
3036 sq. ft.
7732 sq. ft.

Duplex

•

10 days on the market

Sold: Dec 13, 2021

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About this property

THIS PROPERTY IS BEING SOLD IN CONJUNCTION WITH TWO OTHER PROPERTIES - RX-10754742 and RX-10754758. THEY WILL ONLY BE SOLD TOGETHER, NOT BY SINGLE BUILDING. Building contains 2 studio apartments, a 2/1 unit and a 2/2 unit. Well maintained with no deferred maintenance. The two larger units have central air. The 2/1 contains a washer/dryer. The 2/2 has one bathroom with a roll-in shower. Parking lot of 5 spots with one assigned parking space per unit. Apartment opens to a gated courtyard. Owner responsible for water and lawn care. Tenant responsible for electric and cable. All tenants have yearly leases with many rents below market value. All measurements approximate. Owner-agent Cap Rate of 5.2% on the portfolio sale. All units are rented. Security deposits are held in escrow. Last month's rent is also being held for one of the tenants. Both will be provided to new owner.

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