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Multifamily

Crossings Of Boynton Beach

36 N Crossings Cir, Boynton Beach, FL 33435

Listing Price: $1,750,000

Cap Rate
5.05%
Number of Units
14
GRM
8.52
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$131.16
Gross SF
13,342

Investment Overview

Marcus & Millichap is proud to present to market 14 units located in the Crossings of Boynton Beach. Located on Federal Highway, just north of Gateway Blvd, this fractured condominium listing is one block west of the intracoastal in Boynton Beach, Florida. The community consists of two-bedroom townhouses with courtyards, lofts and balconies. All residents have access to the large community pool, clubhouse and tennis courts just yards from your door. The listing includes eight (8) Two-Bedroom / One-and-a-Half Bathroom units and six (6) Two-Bedroom / Two-Bathroom Units that are all 953 square feet. The community has a total of 280 units and the association has nearly $500,000 available in its operating account as well as a rapidly increasing reserves account that is expected to exceed $400,000 by years end.

Crossings of Boynton Beach is in the perfect position for those that enjoy the conveniences of the city but still like to be close to beautiful parks, beaches and water sports. Within a five-minute walk you can get to the Harvey E. Oyer Jr. Park where you can picnic and spend a day fishing on the pier. Or head to Meadows Park, its only four miles away and has a basketball court, BBQ grills, bocce court, fitness trail (1/2-mile path with 11-exercise stations), gazebo, open play area, pavilion, picnic tables, playground, rental shelters, tennis courts and a volleyball court. Boynton Harbor Marina is just 2 miles away, there you can book a scuba dive, fishing charter or hire some jet skis.

Crossings of Boynton Beach offers an investor the opportunity to acquire 14 well-performing units in east Boynton Beach that also have value add potential through completing unit renovations and increasing rent to market rates.

Investment Highlights

  • Located One Block From The Intracoastal
  • On Site Pool and Tennis Courts
  • 14 Spacious Two-Bedroom Units

Exclusively Listed By

Financing By

Listing Price: $1,750,000

Cap Rate
5.05%
Number of Units
14
GRM
8.52
Occupancy
95.0%
Price/Unit
$125,000
Price/Gross SF
$131.16
Gross SF
13,342

Investment Highlights

  • Located One Block From The Intracoastal
  • On Site Pool and Tennis Courts
  • 14 Spacious Two-Bedroom Units

Investment Overview

Marcus & Millichap is proud to present to market 14 units located in the Crossings of Boynton Beach. Located on Federal Highway, just north of Gateway Blvd, this fractured condominium listing is one block west of the intracoastal in Boynton Beach, Florida. The community consists of two-bedroom townhouses with courtyards, lofts and balconies. All residents have access to the large community pool, clubhouse and tennis courts just yards from your door. The listing includes eight (8) Two-Bedroom / One-and-a-Half Bathroom units and six (6) Two-Bedroom / Two-Bathroom Units that are all 953 square feet. The community has a total of 280 units and the association has nearly $500,000 available in its operating account as well as a rapidly increasing reserves account that is expected to exceed $400,000 by years end.

Crossings of Boynton Beach is in the perfect position for those that enjoy the conveniences of the city but still like to be close to beautiful parks, beaches and water sports. Within a five-minute walk you can get to the Harvey E. Oyer Jr. Park where you can picnic and spend a day fishing on the pier. Or head to Meadows Park, its only four miles away and has a basketball court, BBQ grills, bocce court, fitness trail (1/2-mile path with 11-exercise stations), gazebo, open play area, pavilion, picnic tables, playground, rental shelters, tennis courts and a volleyball court. Boynton Harbor Marina is just 2 miles away, there you can book a scuba dive, fishing charter or hire some jet skis.

Crossings of Boynton Beach offers an investor the opportunity to acquire 14 well-performing units in east Boynton Beach that also have value add potential through completing unit renovations and increasing rent to market rates.

Exclusively Listed By

Financing By

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