Property
| Ownership: | Commercial |
|---|---|
| Type: | Multi-Family |
| Area: | 5560 sq ft |
FinancialsPrice:$1,350,000
Price:$1,350,000
Listing Courtesy of Keller Williams Realty Boca Raton
Description241 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.
Unbranded Virtual Tour: https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded
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.
Unbranded Virtual Tour: https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded
Unbranded Virtual Tour: https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded
241 NW 11th St is a 16 unit multifamily property made up of two adjacent 8 unit buildings.
Description241 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.
Unbranded Virtual Tour: https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded
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.
Unbranded Virtual Tour: https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded
Unbranded Virtual Tour: https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
