627 NE 6th Ave - Apartments FOR SALE


Boynton Beach, FL 33435- Outer Boynton Beach
$1,560,000 USD
954-245-3492
627 NE 6th Ave, Boynton Beach, FL for Sale
$1,560,000 USD
Apartments - FOR SALE
1/14
null | 6.03% Cap Rate

627 NE 6th Ave
Boynton Beach, FL 33435
Outer Boynton Beach


HIGHLIGHTS

  • 8-Unit Apartment Building in Excellent Location East of Federal Highway (US-1)
  • Boynton Beach is a Low Inventory Multifamily Market with High Barriers to Entry
  • All One-Bedroom | One-Bathrooms with Average In-Place Rent at $1,622/month
  • Tenants Pay Electricity & Reimburse Owner for Water (Trash is Included in Rent)
  • Wall AC’s, Tile Floors, Electric Appliances, Laundry Room (2 washers/2 dryers)
  • Easy Access to Federal Highway (US-1), Ocean Boulevard (A1A) and Interstate 95

OVERVIEW

**OFFERS DUE APRIL 30TH** The Flats at Boynton Beach is a two-story apartment building constructed in 1970 of concrete block and painted stucco. The building is 4,208 square feet and the property encompasses a 13,364 square feet lot, according to the Palm Beach County Property Appraiser. The Flats at Boynton Beach consist of (8) one-bedroom | one-bathroom apartments with an average in place rent of $1,622. Units include ceramic tile floors, wall air-conditioning units and electric appliances. The property also has a laundry room with two washers and two dryers. Trash is included in the rent, while tenants pay their own electricity and reimburse the owner for water

FOR SALE DETAILS

PRICE

$1,560,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

8

PRICE/UNIT

$195,000

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats at Boynton Beach

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,364 SF

ZONING

CBD, Boynton Beach

APN/PARCEL ID

08-43-45-22-02-001-0070

ASK ABOUT THIS PROPERTY

Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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Joseph ThomasMarcus & MillichapMore Info
954-245-3492

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