For Sale
$399,000

430 12Th AveBoynton Beach, FL 33435

Florida Duplex: High Occupancy, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
114
This Boynton Beach duplex presents a compelling investment opportunity for first-time buyers or owner-occupants. The property, built in 1956, features two one-bedroom, one-bathroom units, each with its own parking space. Currently boasting 100% occupancy, the duplex generates a substantial net operating income (NOI) of $26,424, yielding a 6.62% cap rate. The asking price is $399,000, translating to $199,500 per unit and $152.64 per square foot. The total square footage is 2,614 across the single-story building situated on a lot zoned R2. Tenants are responsible for utilities, minimizing owner expenses. The concrete construction provides durability, and the property benefits from its location in a rapidly developing area of Boynton Beach, offering significant potential for future appreciation. While the property is in good condition, there's room for value-add improvements to further enhance returns. This turnkey investment is a must-see for discerning buyers seeking a strong cash flow and long-term growth potential in a thriving Florida market. The property is located at 430 NW 12th Ave, Boynton Beach, FL 33435. Two parking spaces are available.

Highlights

  • $399,000 asking price for a value-add duplex investment property in Boynton Beach, FL.
  • 2-unit, 2,614 square foot duplex with 100% occupancy.
  • $152.64 price per square foot and $199,500 per unit.
  • 6.62% cap rate with a net operating income (NOI) of $26,424.
  • Located at 430 NW 12th Ave, Boynton Beach, FL 33435, in an R2 zoned area with two parking spaces.
  • Built in 1956, this one-story, concrete construction duplex offers potential for improvement.

Property Details for 430 12Th Ave

Property type
Investment properties, Small apartment buildings
Square Feet
2,614 SF
Class
C
Year Built
1956
Buildings
1
Stories
1
Units
2

Location Insight

City
Boynton Beach
County
Palm Beach
State
Florida
Latitude
26.537577740738
Longitude
-80.069594672104
430 12Th Ave, Boynton Beach, Florida

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430 12Th Ave
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