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

Located within the Boynton Beach Community Redevelopment Area near the downtown core, this income-producing duplex combines established rental income, spacious interiors, ample parking & long-term investment potential. The property is close to the City Hall & Library/Town Square complex and surrounded by continued public improvements, residential growth & mixed-use development. The single-story building offers 2,503 sq. ft. of living space divided between two approximately 1,252-sq.-ft. residences. Each unit features 2 bedrooms, 2 full baths, an open living & dining area, tile flooring throughout, central A/C, generous storage & sliding doors leading to a private outdoor patio. Each residence also includes a primary suite with multiple closets and its own en-suite bath. Both units have been updated and offer comfortable, inviting interiors. The kitchens include rich wood-tone cabinetry, complementary countertops, tile backsplashes & abundant storage. A shared laundry area is equipped with a newer washer & dryer. Set on an oversized 0.27-acre fenced lot, the property also provides low-maintenance landscaping, expansive outdoor space, parking for up to 8 vehicles & a paved and striped driveway. No HOA. Tenants are responsible for cable, electricity, sewer & water. Conveniently located near I-95, Ocean Avenue, downtown dining and shopping, Boynton Harbor Marina & the beach, this duplex presents an appealing opportunity for immediate rental income and future appreciation as downtown Boynton Beach continues to evolve.

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 Market160
Annual Taxes$10,370
CityBoynton Beach
Zip Code33435
LOCATION

Where you'll live

Shane Beckford
FEATURED AGENT
Shane Beckford
Real Estate Specialist

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