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$940,000
116 S Atlantic Drive
Boynton Beach, FL 33435
MLS# F10382932
Status: Closed
3737 sqft


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Property Description
For MLS F10382956 & F10382932. Great income investment opportunity, 2.8 miles to the beautiful beaches, well maintained 5 unit building with another 5 plex available 2 properties away (122) for sale by same owner. A total of 10 units for $1,950,000. Owner retiring and would like to sell both buildings together. Long term tenants 4 on month to month. Each building consists of two 1/1's and 3 2/1's all with tile flooring, central A/C. The units with 2/1 have washer-dryer hook-up. Each unit has separate electrical meter, owner pays for water, sewer and garbage. Units available to show by appointment only.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2023-05-22
Status: Closed
Original List Price: 1000000
Sold Price: $940,000
Current Price: $940,000
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: Residential Income
Country: United States
Street Number: 116
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Drive
State Or Province: FL
Postal Code +4: 1540
Area: 4320
Parcel Number: 08434509070000490
Zoning: R1
Directions: Gateway Blvd, east of 95 to Seacrest N to Atlantic W
General Property Information
Number Of Units Total: 5
Leasable Area: 3737
Occupant Type: Tenant
Lot Size Area: 13956
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 3737
Year Built: 1972
Parking Total: 8
Lot Size Acres: 0.32
Currently Not Used
Ownership Type: Other Ownership
Financial Information
Tax Assessed/SOH Value: 309330
Assessor Market Value: 309330
Tax Legal Description: NORTH RIDGE ESTATES LTS 49 & 50
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2024-01-23T11:22:16Z
Major Change Type: Status Change
Price Change Timestamp: 2023-10-02T14:57:32Z
Status Change Date: 2024-01-25
Under Contract Date: 2023-11-16
Close Date: 2024-01-23
Close Price: 940000
Electric
110 Volts: 1
Flooring
Tile: 1
Parking Features
Common: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Meter Information
Number Of Meters Total: 1
Location of Property
City Location: 1
In Residential Area: 1
Inside Lot: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Special Information
Sold As-Is: 1
Building and Property Details
# Of Tenants: 5
# Of Toilets: 5
Common Area Maintenance Includes
Interior Electric: 1
Distance To Information
Miles to Expressway: 1
Heating
Central Individual: 1
Sale Includes
Land: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Road Frontage Type
City Street: 1
Roof
Composition: 1
Shingle: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: Annually
Real Estate Taxes: 6148
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Description of Unit Type 2
Unit Type: 1 Bedroom
Units Total: 2
Beds Total: 1
Full Baths: 1
Half Baths: 1
Furnished: No
Cooling
Central Individual: 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Units Total: 3
Beds Total: 1
Full Baths: 1
Half Baths: 1
Furnished: No
Annual Rent: 0
Description of Unit Type 4
Unit Type: 2 Bedroom
Units Total: 4
Beds Total: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Description of Unit Type 5
Unit Type: 2 Bedroom
Units Total: 5
Beds Total: 2
Half Baths: 1
Furnished: No
Showing Requirements
Appointment Only: 1
Showing Service: 1
Contingencies
Inspection: 1
Concessions
Seller Concessions: Yes
Seller Concessions Amount: 3000
Price Calculations
Current Price To SqFt: 251.54
Original List Price To Close Price: 0.94
Section Details
Parcel Number MLX: 0490
Originating Details
Originating System Key: 567411118
Originating System ID: M00000170
Property Features
Common Area Maintenance Includes: Interior Electric
Electric: 110 Volts
Flooring: Tile
Heating: Central Individual
Location of Property: City Location; In Residential Area; Inside Lot
Parking Features: Common
Possession: Negotiable
Property Condition: Resale
Sale Includes: Land
Source Of Expenses: Owner Provided
Construction Materials: CBS
Cooling: Central Individual
Listing Terms: Cash; Conventional
Road Frontage Type: City Street
Roof: Composition; Shingle
Sewer: Public Sewer
Special Information: Sold As-Is
Water Source: Public
Showing Requirements: Appointment Only; Showing Service
Contingencies: Inspection

IDX
Listing Office: RE/MAX Select Group
Source MLS Verified

Last Updated: November - 13 - 2026

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