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.
0.47 Private Acres Exterior Space
Commercial
$19,052 Annual Tax
Built in 1979
MLS/Listing ID RX-11114625
2 Stories
Construction - Block
Composition
Shingle
Cooling - Wall/window unit(s)
Heating - Wall Furnace
Listing Courtesy of KELLER WILLIAMS REALTY BOCA RATON, DANIEL KARP - 516-241-6914
Source of Data: BEACHESMLS
TOTAL MONTHLY COST
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