2211 SE 3rd St - Apartments FOR SALE


Boynton Beach, FL 33435- Outer Boynton Beach
$6,500,000 USD
561-601-7774
2211 SE 3rd St, Boynton Beach, FL for Sale
$6,500,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

2211 SE 3rd St
Boynton Beach, FL 33435
Outer Boynton Beach


HIGHLIGHTS

  • Portfolio sale - 8 Single Family Homes and 1 Duplex
  • Located in Delray and Boynton Beach
  • Can be sold as a business or real estate

OVERVIEW

Property Overview Investment Opportunity: Multi Family Single Family Homes / Sober Living Homes  - Property Type: Seven 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 - 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

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$2,797 USD /SF

# OF UNITS

10

PRICE/UNIT

$650,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franks Place

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

Residential

APN/PARCEL ID

08-43-45-33-03-000-0291

ASK ABOUT THIS PROPERTY

Scott PressmanKeyesMore Info
561-601-7774

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Scott PressmanKeyesMore Info
561-601-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.