2305 S Federal Hwy Highway, Boynton Beach, FL 33435 (MLS# R3333748)
$275,000
Boynton Beach, FL 33435
MLS# R3333748
Status: Closed
4733 sqft
1 / 3
Property Description
13% Cap Rate Is a Great Deal for Some Lucky Investor. The Lender Has Taken These Rentals back and Has Priced Them to Sell. 7 Units Fully Rented in 6 Separate Rentals.1 Duplex and 5 Condos W0here You Could Raise Some of The Rental Prices Per Month. THESE RENTAL UNITS ARE ALL CONVENIENT TO SOUTH FLORIDA AND ALL THAT IT HAS TO OFFER. ENJOY THE MANY BEACHES, RESTAURANTS, SHOPPING, COLLEGES AND UNIVERSITIES PLUS SOME OF THE FINEST WEATHER IN THE COUNTRY. PLUS YOU HAVE A GROUP OF RENTAL UNITS WITH AN UPSIDE TO THE RENT. PROPERTIES ARE ALL EAST OF I - 95 AND WITHIN APROXIMATELY 5 MILES OF EACH OTHER. THERE ARE A TOTAL OF 7 UNITS CONSISTING OF 5 CONDOS AND A DUPLEX INCLUDED IN THIS SALE AND ARE TO BE SOLD AS A PACKAGE ONLY. THE 13% CAP RATE IS BASED UPON INFOR... (see supplement for full remarks)
Details
Contract Information
Comp Sale YN: No
Listing Date: 2012-12-22
Status: Closed
Original List Price: 300000
Sold Price: $275,000
Current Price: $275,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boynton Beach
Postal Code: 33435
Geographic Area: PB12
Property Description: 7 Rental Units locat
Country: United States
Street Number: 2305
Street Direction Prefix: S
Street Name: Federal Hwy
Street Suffix: Highway
State Or Province: FL
Area: 4340
Parcel Number: 08434533240010000
Zoning: commerci
Directions: Call listing agent
General Property Information
Stories: 1
Building Area Main: 4733
Year Built: 9999
Remarks and Miscellaneous
Public Historical Remarks: Building Type: Y
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2013-02-07T15:07:00Z
Major Change Type: Contingency
Status Change Date: 2013-02-26
Under Contract Date: 2013-02-21
Close Date: 2013-02-22
Close Price: 275000
Flooring
Ceramic Tile: 1
Property Condition
Resale: 1
Documents Available
Inventory: 1
Meter Information
Number Of Meters Total: 7
Location of Property
City Location: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Tenants: 7
# Of Toilets: 9
% Air Conditioned: 4443
Maximum Ceiling Height: 8
Heating
Electric: 1
Sale Includes
Building: 1
Listing Terms
Cash: 1
Roof
Other: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Gross Income: 55800
Vacancy Allowance Rate: 0
Gross Scheduled Income: 55800
Net Operating Income: 39224
Operating Expense: 16576
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 2 Bedroom
Full Baths: 1
Annual Rent: 600
Description of Unit Type 2
Unit Type: 2 Bedroom
Full Baths: 1
Annual Rent: 500
Cooling
Electric: 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Full Baths: 1
Annual Rent: 650
Description of Unit Type 4
Unit Type: 1 Bedroom
Annual Rent: 700
Description of Unit Type 5
Unit Type: 1 Bedroom
Full Baths: 1
Annual Rent: 750
Description of Unit Type 6
Unit Type: 1 Bedroom
Full Baths: 1
Annual Rent: 750
Description of Unit Type 7
Unit Type: 1 Bedroom
Full Baths: 1
Annual Rent: 750
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Contingencies
Other: 1
Price Calculations
Current Price To SqFt: 58.1
Original List Price To Close Price: 1.09
Financial Information
Association Fee: 10992
Association Fee Frequency: Annually
Tax Annual Amount: 5643
Tax Year: 2011
Tax Legal Description: Various Legal Descriptions Contact Us for a Confidentiality Agreement.
Originating Details
Originating System Key: 20130215224254362819000000
Originating System ID: M00000170
Property Features
Documents Available: Inventory
Flooring: Ceramic Tile
Heating: Electric
Location of Property: City Location
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building
Source Of Expenses: Owner Provided
Cooling: Electric
Listing Terms: Cash
Roof: Other
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Showing Requirements: Appointment Only; Listing Agent Must Accompany
Contingencies: Other
Supplements
13% Cap Rate Is a Great Deal for Some Lucky Investor. The Lender Has Taken These Rentals back and Has Priced Them to Sell. 7 Units Fully Rented in 6 Separate Rentals.1 Duplex and 5 Condos W0here You Could Raise Some of The Rental Prices Per Month.THESE RENTAL UNITS ARE ALL CONVENIENT TO SOUTH FLORIDA AND ALL THAT IT HAS TO OFFER. ENJOY THE MANY BEACHES, RESTAURANTS, SHOPPING, COLLEGES AND UNIVERSITIES PLUS SOME OF THE FINEST WEATHER IN THE COUNTRY. PLUS YOU HAVE A GROUP OF RENTAL UNITS WITH AN UPSIDE TO THE RENT. PROPERTIES ARE ALL EAST OF I - 95 AND WITHIN APROXIMATELY 5 MILES OF EACH OTHER. THERE ARE A TOTAL OF 7 UNITS CONSISTING OF 5 CONDOS AND A DUPLEX INCLUDED IN THIS SALE AND ARE TO BE SOLD AS A PACKAGE ONLY. THE 13% CAP RATE IS BASED UPON INFORMATION GATHERED FROM THE LENDER WHO HAS TAKEN THE PROPERTIES BACK AND THE LISTING AGENT HAS NO DIRECT KNOWLEDGE OF ANY OF THE UNITS. THE PHOTOS AND LISTING INFORMATION IS A GENERAL DESCRIPTION AND FURTHER DETAILS ARE AVAILABLE AFTER THE AGENT AND BUYERS SIGN A CONFIDENTIALITY AGREEMENT. THIS LISTING IS SUBJECT TO CHANGES, ERRORS AND OMISSIONS. INFORMATION HAS BEEN GATHERED FROM VARIOUS SITES AND NOT GUARANTEED TO BE ACCURATE. BEING SOLD ASIS WITHOUT REPAIR OR WARRANTY. SELLER AND LISTING AGENT HAVE NO KNOWLEDGE OF PROPERTY HISTORY, NO DISCLOSURES SUPPLIED. BUYER/BUYERS AGENT IS RESPONSIBLE FOR VERIFYING HOA FEES AND DUES OR COMMUNITY RULES, SQ FT, TAXES, ETC... NO COMMISSION SHALL BE EARNED UNTIL TITLE PASSES TO THE BUYER.
Listing Office: RE/MAX Services
Last Updated: January - 13 - 2026
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