241 Nw 11th 1 Street Unit #13, Belle Glade, FL 33430
- $1,350,000
- 17
- BA
- List Price
- $1,350,000
- MLS#
- R11114625
- Status
- ACTIVE WITH CONTRACT
- Type
- Commercial
Property Description
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.
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Additional Information
- Days on Market
- 76
- Tax Amount
- $19,051
- Water Access
- Building Only, Business And Building
- Parcel Number
- 04374331300000110
- Address
- 241 Nw 11th 1 Street Unit #13, Belle Glade
- Year Built
- 1979
Mortgage Calculator
Listing Courtesy of Keller Williams Realty Boca Raton, Contact: