526 12th ,Multi Family для продажи & аренды

526 12th для продажи & аренды

Цена $1,350,000.00

• Размер территории 3500
• Год постройки 1958
• Вид на воду
• Zip 33435
• Стиль
• Парковка
• Бассейн Yes
• Статус Pending

Описание

Well-maintained, turnkey 8-unit apartment building in the heart of Boynton Beach. Seven of eight 1BR/1BA units are currently leased at $1,500/month under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program, which is a federal rental assistance programs that provide government-guaranteed monthly rent payments directly from the housing authority, virtually eliminating collection risk and delivering recession-resistant income. All units have been recently upgraded and the property has historically maintained 100% occupancy. There is a significant value-add opportunity - current contract rents of $1,500/month are well below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in this zip code, representing a gap of $580/unit/month. As housing authority rent adjustments are approved, a new owner has the potential to capture up to $55,680 in additional annual income across all eight units without any capital investment. At stabilized occupancy and current rents, the property generates $144,000 in gross annual income with a Net Operating Income of $94,589 under owner management (34.3% expense ratio, no professional management fee included). The property is not specifically designated as a HUD or low-income property and may be operated under full market-rate rents and conditions at the owner's will. The property has been comprehensively renovated since 2018, including a full new roof, completely remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances (refrigerator, stove, and A/C) in every unit, and full exterior painting in 2026. The building presents in well-maintained condition with minimal deferred maintenance and no near-term capital expenditure required, offering a true turnkey investment generating cash flow from closing. Prime southern Palm Beach County location in one of the highest-demand corridors for workforce and affordable housing. Boynton Beach is among the fastest-growing cities in the county with strong population growth projected through 2030. The Boynton Beach Community Redevelopment Agency is actively promoting area growth and has recently purchased large redevelopment parcels in close proximity to the subject property, signaling continued public investment in the surrounding neighborhood. Supply of workforce housing remains critically limited, with zero new 1-2 Star apartment units under construction or proposed anywhere in the submarket through 2030, and vacancy has tightened to just 5.2%, well below the 10-year average.

CHERRY HILLS LTS 384 TO 387 INC

Well-maintained, turnkey 8-unit apartment building in the heart of Boynton Beach. Seven of eight 1BR/1BA units are currently leased at $1,500/month under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program, which is a federal rental assistance programs that provide government-guaranteed monthly rent payments directly from the housing authority, virtually eliminating collection risk and delivering recession-resistant income. All units have been recently upgraded and the property has historically maintained 100% occupancy. There is a significant value-add opportunity - current contract rents of $1,500/month are well below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in this zip code, representing a gap of $580/unit/month. As housing authority rent adjustments are approved, a new owner has the potential to capture up to $55,680 in additional annual income across all eight units without any capital investment. At stabilized occupancy and current rents, the property generates $144,000 in gross annual income with a Net Operating Income of $94,589 under owner management (34.3% expense ratio, no professional management fee included). The property is not specifically designated as a HUD or low-income property and may be operated under full market-rate rents and conditions at the owner's will. The property has been comprehensively renovated since 2018, including a full new roof, completely remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances (refrigerator, stove, and A/C) in every unit, and full exterior painting in 2026. The building presents in well-maintained condition with minimal deferred maintenance and no near-term capital expenditure required, offering a true turnkey investment generating cash flow from closing. Prime southern Palm Beach County location in one of the highest-demand corridors for workforce and affordable housing. Boynton Beach is among the fastest-growing cities in the county with strong population growth projected through 2030. The Boynton Beach Community Redevelopment Agency is actively promoting area growth and has recently purchased large redevelopment parcels in close proximity to the subject property, signaling continued public investment in the surrounding neighborhood. Supply of workforce housing remains critically limited, with zero new 1-2 Star apartment units under construction or proposed anywhere in the submarket through 2030, and vacancy has tightened to just 5.2%, well below the 10-year average.

City:Boynton Beach,Roof:1:Flat Roof With Facade Front,Sewer:1:Public Sanitation,2:Sewer,Zoning:R2 (city),Cooling:1:Wall/Window Unit(s),Country:United States,List A O R:BeachesMLS,Stories:2,Tax Year:2025,Flooring:1:Wood,Latitude:26.537382,Cooling Y N:1,Heating Y N:1,List Price:1350000,Listing Id:B26031568,Longitude:-80.0709411,Mls Status:Pending,Ownership:Sole Proprietor,Utilities:1:Sewer Available,2:Water Available,Year Built:1958,Inclusions:Building Only, Business And Building,Postal Code:33435,Street Name:12th,Contingency:Pending Inspections,Coordinates:1:26.537382,Photos Count:26,Days On Market:7,Listing Terms:1:Conventional,Lot Size Acres:0.23,Lot Size Units:Square Feet,M I A M I R E_ Area:4330,On Market Date:2026-05-21,Parcel Number:08434521140003840,Parking Total:12,Property Type:Commercial Sale,Stories Total:2,Street Number:526,Street Suffix:Avenue,Off Market Date:2026-05-28,Ownership Type:Sole Proprietor,Public Remarks:Well-maintained, turnkey 8-unit apartment building in the heart of Boynton Beach. Seven of eight 1BR/1BA units are currently leased at $1,500/month under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program, which is a federal rental assistance programs that provide government-guaranteed monthly rent payments directly from the housing authority, virtually eliminating collection risk and delivering recession-resistant income. All units have been recently upgraded and the property has historically maintained 100% occupancy. There is a significant value-add opportunity - current contract rents of $1,500/month are well below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in this zip code, representing a gap of $580/unit/month. As housing authority rent adjustments are approved, a new owner has the potential to capture up to $55,680 in additional annual income across all eight units without any capital investment. At stabilized occupancy and current rents, the property generates $144,000 in gross annual income with a Net Operating Income of $94,589 under owner management (34.3% expense ratio, no professional management fee included). The property is not specifically designated as a HUD or low-income property and may be operated under full market-rate rents and conditions at the owner's will. The property has been comprehensively renovated since 2018, including a full new roof, completely remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances (refrigerator, stove, and A/C) in every unit, and full exterior painting in 2026. The building presents in well-maintained condition with minimal deferred maintenance and no near-term capital expenditure required, offering a true turnkey investment generating cash flow from closing. Prime southern Palm Beach County location in one of the highest-demand corridors for workforce and affordable housing. Boynton Beach is among the fastest-growing cities in the county with strong population growth projected through 2030. The Boynton Beach Community Redevelopment Agency is actively promoting area growth and has recently purchased large redevelopment parcels in close proximity to the subject property, signaling continued public investment in the surrounding neighborhood. Supply of workforce housing remains critically limited, with zero new 1-2 Star apartment units under construction or proposed anywhere in the submarket through 2030, and vacancy has tightened to just 5.2%, well below the 10-year average.,County Or Parish:Palm Beach County,Documents Count:2,Expiration Date:2026-12-31,List Office Name:Compass Florida LLC,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:3090,Property Sub Type:Multi Family,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:11411,Unparsed Address:526 NW 12th Avenue, Boynton Beach FL 33435,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Security Features:1:Smoke Detector(s),2:Smoke Detector,Year Built Details:Resale,Building Area Total:3500,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Num Floors:2,Number Of Buildings:1,Original List Price:1350000,Documents Available:1:Books & Records,I D X Participation Y N:1,M I A M I R E_ Last Status:Active,Number Of Units Total:8,Syndication Remarks:Well-maintained, turnkey 8-unit apartment building in the heart of Boynton Beach. Seven of eight 1BR/1BA units are currently leased at $1,500/month under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program, which is a federal rental assistance programs that provide government-guaranteed monthly rent payments directly from the housing authority, virtually eliminating collection risk and delivering recession-resistant income. All units have been recently upgraded and the property has historically maintained 100% occupancy. There is a significant value-add opportunity - current contract rents of $1,500/month are well below the 2026 HUD Fair Market Rent of $2,080 for a 1-bedroom unit in this zip code, representing a gap of $580/unit/month. As housing authority rent adjustments are approved, a new owner has the potential to capture up to $55,680 in additional annual income across all eight units without any capital investment. At stabilized occupancy and current rents, the property generates $144,000 in gross annual income with a Net Operating Income of $94,589 under owner management (34.3% expense ratio, no professional management fee included). The property is not specifically designated as a HUD or low-income property and may be operated under full market-rate rents and conditions at the owner's will. The property has been comprehensively renovated since 2018, including a full new roof, completely remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances (refrigerator, stove, and A/C) in every unit, and full exterior painting in 2026. The building presents in well-maintained condition with minimal deferred maintenance and no near-term capital expenditure required, offering a true turnkey investment generating cash flow from closing. Prime southern Palm Beach County location in one of the highest-demand corridors for workforce and affordable housing. Boynton Beach is among the fastest-growing cities in the county with strong population growth projected through 2030. The Boynton Beach Community Redevelopment Agency is actively promoting area growth and has recently purchased large redevelopment parcels in close proximity to the subject property, signaling continued public investment in the surrounding neighborhood. Supply of workforce housing remains critically limited, with zero new 1-2 Star apartment units under construction or proposed anywhere in the submarket through 2030, and vacancy has tightened to just 5.2%, well below the 10-year average.,Listing Contract Date:2026-05-21,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Elect Lockbox-Call List Agent,Text Agent Phone Number,Street Number Numeric:526,Tax Legal Description:CHERRY HILLS LTS 384 TO 387 INC,Electric On Property Y N:1,M I A M I R E_ Current Price:1350000,Construction Materials:1:Stucco,M I A M I R E_ Total Mortgage:472500,M I A M I R E_ Year Installed:1958,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 4200; 4210; 4320; 4330; 4340; 4350,M I A M I R E_ Parcel Number M L X:0843,Contract Status Change Date:2026-05-28,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:14,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:12,M I A M I R E_ Agent Alternate Phone:561-232-7899,M I A M I R E_ Approx Sqft Total Area:10180,M I A M I R E_ Property Description:MULTI-FAMILY LESS THAN 10,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:676376,Internet Automated Valuation Display Y N:1,