422 SW 9th St - Apartments FOR SALE


Boca Raton, FL 33432- Downtown Boca Raton
$3,500,000 USD
786-443-3105
422 SW 9th St, Boca Raton, FL for Sale
$3,500,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

422 SW 9th St
Boca Raton, FL 33432
Downtown Boca Raton


HIGHLIGHTS

  • Irreplaceable East Boca location
  • Below market rents with clear upside
  • Large unit sizes suited for premium repositioning

OVERVIEW

• 8 units in East Boca Raton • Family owned, impeccably maintained for 40+ years by same owner • 8 units (mix of 1BR, 1BR+Den, and 2BR), average 948 SF • 100% occupied, in place rents avg $2,063 • Rents are 15–30% below market, with value add upside to achieve ~$2,750 post renovation • Prime East Boca location near Mizner Park, Downtown, and the beaches At grade, the building also includes two garages, an office, storage areas, and laundry facilities—flexible spaces currently used by ownership but ideal for future revenue generation or amenity enhancement.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

8

PRICE/UNIT

$437,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

R3

APN/PARCEL ID

06-43-47-30-03-003-0060

ASK ABOUT THIS PROPERTY

Calum WeaverCBREMore Info
786-443-3105

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Calum WeaverCBREMore Info
786-443-3105

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