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 ~$84K.
An ideal value-add or turnkey opportunity in South Florida's workforce housing market.
13,220 Sq Ft
0.47 Acres privados Tamaño del lote
comercial
19.052 US$ Impuesto anual
Creado en 1979
MLS/ID del anuncio R11114625
2 Historias
16 Unidades
Public Water
Public Sewer
Composición
Heating - Wall Furnace
Cooling - Wall/window unit(s)
Construction - Concrete