320 NE 13th Ave - Apartments FOR SALE


Boynton Beach, FL 33435- Outer Boynton Beach
$1,980,000 USD
954-573-4449
320 NE 13th Ave, Boynton Beach, FL for Sale
$1,980,000 USD
Apartments - FOR SALE
1/18
null | 7.5% Cap Rate

320 NE 13th Ave
Boynton Beach, FL 33435
Outer Boynton Beach


HIGHLIGHTS

  • Updated Interiors
  • Impact Windows
  • Located in Boynton Beach CRA and Opportunity Zone
  • Minutes to the beach and Atlantic Ave Delray Beach

OVERVIEW

ONE Commercial Real Estate is pleased to present a rare opportunity to acquire a renovated, 10-unit garden-style multifamily property ideally located in the heart of Boynton Beach, Florida.This well-positioned asset offers a desirable unit mix of eight one-bedroom and two, two-bedroom apartments, with eight of the ten units already renovated. The blend of upgraded interiors and value-add potential allows investors to capitalize on immediate income with room for continued rent growth. Located just off North Federal Highway, where daily traffic exceeds 17,500 vehicles, the property offers strong visibility and connectivity. Its proximity to Ocean Avenue provides residents with walkable access to Boynton Harbor Marina, Ocean Front Park, the newly renovated Canyon Branch Library, and a variety of dining and retail destinations. Situated within both a designated Opportunity Zone and the Boynton Beach CRA District, the area is experiencing a wave of public and private investment driving revitalization and long-term value growth. Positioned between Delray Beach and West Palm Beach, this asset is ideally located in one of South Florida’s most dynamic coastal submarkets—offering a compelling combination of current yield and future appreciation.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

10

PRICE/UNIT

$198,000

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R3, Boynton Beach

APN/PARCEL ID

08-43-45-21-20-002-0070

ASK ABOUT THIS PROPERTY

Alexis ShapiroONE Commercial Real EstateMore Info
954-573-4449

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Alexis ShapiroONE Commercial Real EstateMore Info
954-573-4449

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