Modern Living Group
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$724,998ACTIVE

400 NE 2nd Street, Boynton Beach, FL 33435

beds0baths2,503sq ft$290/ sq ft
THE RESIDENCE

About this home

Positioned within Boynton Beach’s downtown redevelopment district, this income-producing duplex sits directly across from the newly completed City Hall & Library Complex, surrounded by new residential & retail projects underway & planned. The property features 2 spacious 2-bedroom, 2-bath units updated in 2017 with renovated kitchens, bathrooms, flooring, appliances & central A/C systems, each offering a private outdoor patio. A shared laundry area includes a newer washer & dryer. The oversized, fenced lot provides ample parking, with the driveway re-asphalted & striped in 2022, & no HOA. Conveniently located near I-95, Ocean Ave, downtown Boynton Beach & the beach, this property offers immediate rental income with strong long-term upside.

THE DETAILS

Property details

List Price$724,998
Price / Unit$362,499
Units2
Cap Rate7.84%
Gross Income$59,136/yr
Net Operating Income$56,856
Inside Sq Ft2,503
Year Built1975
ConstructionBlock, Concrete, Stucco
FlooringTile
ZoningR2 (city)
Lot Dimensions11,761
Property TypeDuplex
MLS #F10555287
StatusActive
Original List Price$724,998
GRM12.3
Tenant PaysCable TV, Electricity, Sewer, Water
Show all details (7 more)
Stories1
Lot Size0.27 acres
WaterfrontNo
Days on Market115
Annual Taxes$10,370
CityBoynton Beach
Zip Code33435
LOCATION

Where you'll live

Shane Beckford
FEATURED AGENT
Shane Beckford
Boynton Beach Specialist
Real Estate Specialist

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