Seacrest Apartments — Sale in Boynton Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Boynton Beach, FL 33435

Investment Figures

Cap rate
6.32%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Seacrest Apartments, a well-located 8-unit multifamily property positioned at 215 S Seacrest Boulevard and 107 SW 2nd Avenue in Boynton Beach, Florida. The property is situated on 0.43 acres and features eight large two-bedroom/one-bathroom apartments with generous floorplans. Originally built in 1935 with wood frame construction, the asset is equipped with central air conditioning throughout. Each unit has been upgraded with contemporary finishes including granite or quartz countertops, undermount sinks, and stainless-steel appliances, enhancing both resident appeal and market positioning. The property also features on-site coin-operated laundry with two washers and dryers owned by the seller, creating an additional income stream. Seacrest Apartments is strategically located three blocks south of Boynton Beach Boulevard off Seacrest Boulevard, offering immediate access to Interstate-95 (0.7 miles) and Boynton’s primary retail and employment corridors. Directly across the street from the south parcel sits the transformational Boynton Beach Town Square project — an approved mixed-use redevelopment including 898 residential units, 23,625 square feet of commercial space, and structured parking exceeding 1,000 spaces, which will serve as a major catalyst for activity in the area. Additionally, the upcoming The Villages mixed-use development — located at 405 E. Ocean Avenue — is now underway and will deliver approximately 336 residential rental apartments, 668 structured parking spaces, ~8,000 square feet of retail and restaurant space, and multiple community plazas with pedestrian connections between Boynton Beach Boulevard and Ocean Avenue, further elevating downtown’s appeal and residential demand. With upgraded interiors, strong in-place fundamentals, and proximity to significant public-private redevelopment projects, Seacrest Apartments offers investors a rare opportunity to acquire a well-positioned multifamily asset in a co

Market Context

This multifamily in Boynton Beach, FL is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Boynton Beach, FL — view the full market.

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