241 11th 1 Street, Belle Glade, FL 33430
0
BEDROOMS
0
BATHROOMS
$1,350,000
LISTING PRICE
SQUARE FOOT
Zoning: R2(cit
MLS #: RX-11114625
Subdivision: LAKESHORE HEIGHTS 2
For More Information Call: 561-283-4663
241 NW 11th St is a 16-unit multifamily property made up of two adjacent 8-unit buildings. Built in 1979 with durable concrete block construction, it features mostly 2 bed / 1 bath units, individually metered utilities, and 21 surface parking spaces. The property is 100% occupied, generating a operating income (NOI) of approximately $108,000.Located in central Belle Glade, it's within walking distance to schools, shops, and employers. Offered at $1,350,000, the investment delivers a cap rate between 8-9.37%, a GRM of 6.95, and a price per unit of ~$84K.An ideal value-add or turnkey opportunity in South Florida's workforce housing market.
This listing is courtesy of Keller Williams Realty Boca Raton. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach,0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
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