522 Nw 11th Ave, Boynton Beach, FL 33435

$580,000
1,400
SqFt

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List Price
$580,000
MLS
A12108525
Complex Name
Cherry Hills
Status
ACTIVE
Type
Multifamily
Living Area
1,400

Property Description

Income-producing CBS duplex in Boynton Beach with both units occupied, about 3 miles from the beach and minutes from I-95, Boynton Beach Blvd and downtown Boynton. Unit 1 is a 2 bed / 1 bath of approx. 900 SF renting at $2,150/mo. Unit 2 is a 1 bed / 1 bath of approx. 500 SF renting at $1,900/mo. Current gross rent is $48,600 per year. Both units have been updated with new kitchens featuring white shaker cabinets and quartz countertops, new bath vanities, new lighting and vinyl plank flooring throughout. Each unit has its own separate electric and water meter, and tenants pay their own utilities. A washer and dryer located on the side of the building is shared by both units. The 0.12-acre lot offers generous front and rear yards and ample off-street parking. Solid CBS construction with stucco exterior. No HOA and no association rental restrictions. Zoned R2 (duplex) in the City of Boynton Beach. A turnkey, low-maintenance addition to a rental portfolio, or an owner-occupant option to live in one unit and let the other help cover the mortgage. Close to shopping, restaurants, schools, parks, and the Boynton Beach Inlet and beaches. Sold AS-IS with right to inspect. Showings by appointment only with advance notice to tenants; please do not disturb occupants.

Additional Information

Days on Market
5
Style
Duplex
Exterior Features
Exterior Lights, Room For Pool
#Parking Spaces
3
Year Built
1973
Development Name
Cherry Hills
#Stories
1
Construction Type
Concrete Block Construction, CBS Construction
Section
21

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Listing Courtesy of VETA Group Realty, LLC., Contact: