Turnkey 8-Unit Apartment
526 NW 12th Boynton Beach, FL 33435
526 NW 12th, Boynton Beach, FL, 33435
$1,350,000
Pending
For Sale
$1,350,000
Pending
Turnkey eight-unit building with renovated interiors, new roof, updated systems, and in-unit appliances and A/C units.
Days on Market43
Property Features for 526 NW 12th
General Information
- Standard status
- Pending
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing agency
COMPASS FLORIDA LLC
(561) 232-7899
Listed by
BRAD KUSKIN · License #B26031568
Source
Corcoran
Added: Jun 10 Updated: Jul 21 at 6:53AM Checked: Jul 22 at 6:37AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
Well-maintained, turnkey 8-unit apartment building with seven of eight 1BR/1BA units currently leased at $1,500/month under the HUD-VASH supportive housing program. The property has been recently upgraded, and unit interiors have been comprehensively renovated since 2018, including a full new roof, remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances (refrigerator and stove) plus A/C in every unit. The exterior has a planned full paint update in 2026.
Under owner management at current levels, the property produces $144,000 in gross annual income with Net Operating Income of $94,589 and a 34.3% expense ratio, excluding any professional management fee. The remarks also note historical 100% occupancy and that current contract rents are below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in the subject zip code.
The building is offered for sale at $1,350,000 and is located at 526 NW 12th, Boynton Beach, FL 33435.
Under owner management at current levels, the property produces $144,000 in gross annual income with Net Operating Income of $94,589 and a 34.3% expense ratio, excluding any professional management fee. The remarks also note historical 100% occupancy and that current contract rents are below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in the subject zip code.
The building is offered for sale at $1,350,000 and is located at 526 NW 12th, Boynton Beach, FL 33435.
Key Highlights
- 8‑unit apartment building built in 1958; 7 of 8 1BR/1BA units currently leased at $1,500/month under HUD‑VASH.
- Historically maintained 100% occupancy, with vacancy reported at 5.2% (below the 10‑year average).
- Comprehensively renovated since 2018: full new roof, remodeled unit interiors, updated electrical and plumbing, new flooring, and new appliances in every unit.
Property Analytics
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FAQs
What type of property is this?
Apartment building - Turnkey eight-unit building with renovated interiors, new roof, updated systems, and in-unit appliances and A/C units.
Where is this apartment building located?
The property is located at 526 NW 12th Boynton Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1958; 7 of 8 1BR/1BA units currently leased at $1,500/month under HUD‑VASH.; Historically maintained 100% occupancy, with vacancy reported at 5.2% (below the 10‑year average).; Comprehensively renovated since 2018: full new roof, remodeled unit interiors, updated electrical and plumbing, new flooring, and new appliances in every unit.
