Address241 Nw 11Th 1 Street #13, Belle Glade, FL, 33430
Price$1,350,000
- 17 Baths
- Commercial
- Built in 1979
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.
Essential Information
- MLS® #R11114625
- Price$1,350,000
- Taxes$19,052 (2024)
- Bathrooms17.00
- Acres0.47
- Year Built1979
- TypeCommercial
- Sub-TypeMulti Family
- StatusActive Under Contract
Community Information
- Address241 Nw 11Th 1 Street #13
- Area5560
- CityBelle Glade
- CountyPalm Beach
- StateFL
- Zip Code33430
Interior
- HeatingWindow/Wall
- CoolingWall/Window Unit(s)
Exterior
- RoofComposition
- ConstructionConcrete
Additional Information
- Days on Website401
- ZoningR2(cit
Listing Details
Office
Keller Williams Realty Boca Ra
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