
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 bet...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.
View MoreCourtesy of
Agency Name: Keller Williams Realty Boca Raton
Agency Phone: (561) 997-0500
Agent Name: Daniel Karp
Presented by
Agent Name: Brian Michaels
Agent Phone: 561.985.0885
Agency Title: The Keyes Company
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241 NW 11th 1 Street, Unit 13, Belle Glade, FL 33430.
Email 241 NW 11th 1 Street, Unit 13, Belle Glade, FL 33430
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