241 NW 11th 1 ST 13 new Save Request In-Person Tour Request Virtual Tour
Belle Glade,FL 33430
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 13,220 sqft
Price per Sqft $102
Subdivision Lakeshore Heights 2
MLS Listing ID RX-11114625
Year Built 1979
Annual Tax Amount $19,051
Tax Year 2024
Lot Size 0.470 Acres
Property Sub-Type MultiFamily (5+ Units)
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.
Location
State FL
County Palm Beach
Area 5560
Zoning R2(cit
Interior
Heating Window/Wall
Cooling Wall-Win A/C
Flooring Other
Fireplaces Type Smoke Alarm
Exterior
Utilities Available 110,Electric,Public Sewer,Public Water,Separate Meter
Waterfront Description None
Roof Type Comp Shingle
Building
Story 100.00
Foundation Concrete
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded