Ten-Bed Multifamily
For Sale
$729,999
119 SW 2ND, Boynton Beach, FL 33435
Operational residential property with furnished bedrooms and shared community spaces.
Property Size2,941 SF
Days on Market51
Property Features for 119 SW 2ND
General Information
Standard status
Active
Size
2,941 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,594
Amenities
shared living areas
furnished bedrooms
comfortable community spaces
Building Details
Building Size
2,941 SF
Year Built
1985
Listing Agency:
eXp Realty LLC
Listed By:
Kayla Camps
(352) 391-2953
Source:
Elliman
Added: Sep 2
Changed: Oct 22
Last Checked: Oct 20 at 10:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily residence was built in 1985 and is configured for ten residents. The property includes furnished bedrooms, shared living areas, and common spaces intended to support an organized residential setting. It is fully operational and income-producing, with established operating infrastructure and a history of occupancy.
The residence is positioned near employment centers, healthcare services, public transportation, and essential community amenities. WalkScore is 42, categorized as Car-Dependent, while BikeScore is 56, categorized as Bikeable. The property is being offered as one of nine assets in a portfolio sale.
The residence is positioned near employment centers, healthcare services, public transportation, and essential community amenities. WalkScore is 42, categorized as Car-Dependent, while BikeScore is 56, categorized as Bikeable. The property is being offered as one of nine assets in a portfolio sale.
Key Highlights
- Ten‑bed residential configuration
- Furnished bedrooms with shared living and community areas
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,231
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,620
$904.6K
Cap Rate 7%
$646,157
$646.2K
Cap Rate 9%
$502,567
$502.6K
Market Conditions
NOI Build-Up for 2,941 SF
Gross rent
$86.1K $29.28/SF
− Vacancy
−$3.9K −$1.32/SF
EGI
$82.2K $27.96/SF
− OpEx
−$37.0K −$12.58/SF
NOI
$45.2K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,620
Cap Rate 7%
$646,157
Cap Rate 9%
$502,567
Alternative Uses
Best Use
Apartment 5plus
$646.2K
$565.4K – $753.9K
NOI $45,231 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $144,985 @ 7.0% cap · market cap 19.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Operational residential property with furnished bedrooms and shared community spaces.
Where is this multifamily property located?
The property is located at 119 SW 2ND Boynton Beach, FL.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Ten‑bed residential configuration; Furnished bedrooms with shared living and community areas; Built in 1985
