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4 unit multifamily fully redone 401 SE 23rd Ave 4 Unit Apartment Building $1,465,716 CAD ($366,429 CAD/Unit) 6% Cap Rate Boynton Beach, FL 33435

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EXECUTIVE SUMMARY

Fully renovated 4-unit CBS East Boynton, minutes to the beach and US-1. Mix: (2) 2BR/1BA + (2) studios. 2021–2025 upgrades: full interior renovations (kitchens/baths/flooring/appliances), complete electrical, new A/Cs, exterior paint, fencing, landscaping, parking resurfacing under permit.
Available alone or with adjacent 333-337 SE 23rd (MLS #A11892514) for scale.
Offering Memorandum available upon request

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $113,209 $14.15
Other Income - -
Vacancy Loss - -
Effective Gross Income $113,209 $14.15
Taxes - -
Operating Expenses - -
Total Expenses $32,222 $4.03
Net Operating Income $80,987 $10.12

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $113,209
Annual Per SF $14.15
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $113,209
Annual Per SF $14.15
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $32,222
Annual Per SF $4.03
Net Operating Income (CAD)
Annual $80,987
Annual Per SF $10.12

PROPERTY FACTS

Price $1,465,716 CAD
Price Per Unit $366,429 CAD
Sale Type Investment
Cap Rate 6%
Sale Condition Build to Suit
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.79 AC
Building Size 2,652 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1973/2021
Zoning C2

AMENITIES

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 2 - 900
Studios 2 - 650

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-43-45-33-06-000-0100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$666,168 CAD
  • Listing ID: 38173294

  • Date on Market: 2025-10-22

  • Last Updated:

  • Address: 401 SE 23rd Ave, Boynton Beach, FL 33435

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