241 NW 11th 1 St 13
belle glade, FL 33430US$1,350,000
- 17 BAapprox. 13,220 SF
- Contract signed
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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.
Details
13,220 Sq Ft
commercial
US$1,588 Monthly Tax
Built in 1979
MLS/Listing ID R11114625
2 Stories
16 Units
Amenities & Features
Cooling - Wall/window unit(s)
Heating - Wall Units
Composition Roll
Sewer
Public Sewer
Public Water
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