Address: 241 11th 1 Street Nw 13, Belle Glade, FL 33430
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.
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.
Features
Bedrooms / Bathrooms
Num Toilets: 17
Building and Construction
Absolute Longitude: 80.678635
Construction: Concrete
Flooring: Other
Roof: Comp Shingle
Sqft Source: Tax Rolls
Total Number Of Units: 16
Total Building Sqft: 13220.00
Type Of Building: Income, Resident. Multi-Fam.
Property Information
Property Desc: 16 UNIT COMM. INCOME
Property Group Id: 19990816212135227274000000
Eco-Communities
Waterfront Details: None
Utilities
Air Conditioned: 100.00
Cooling: Wall-Win A/C
Fire Protect: Smoke Alarm
Heating: Window/Wall
Num Of Stories: 2.0
Utilities: 110, Electric, Public Sewer, Public Water, Separate Meter
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