430 12Th Ave Boynton Beach, FL 33435
- Small apartment buildings
- 2,614 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 430 12Th Ave
- Year built
- 1956
- Property size
- 2,614 SF
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.069594672104
- Latitude
- 26.537577740738
