241 NW 11th 1 ST #13, Belle Glade, FL 33430
241 NW 11th 1 ST #13, Belle Glade, FL 33430
241 NW 11th 1 ST #13, Belle Glade, FL 33430
241 NW 11th 1 ST #13, Belle Glade, FL 33430
241 NW 11th 1 ST #13, Belle Glade, FL 33430
241 NW 11th 1 ST #13, Belle Glade, FL 33430
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$ 1,350,000
Est. payment | /mo

13,220 SqFt


$ 1,350,000
Est. payment | /mo

13,220 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 13,220 sqft

Price per Sqft $102

MLS Listing ID R11114625

HOA Y/N No

Year Built 1979

Annual Tax Amount $19,051

Tax Year 2024

Contingent No Contingencies

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Multi Family

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

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Other

Exterior

Roof Type Composition

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Senior Community No

Tax ID 04374331300000110

Security Features Fire Alarm,Smoke Detector(s)

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

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Keller Williams Realty Boca Raton
Suheily Canales

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(305) 680-8255

suheilyecanales@gmail.com

6175 NW 153rd St Suite 400, Lakes, FL, 33014

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241 NW 11th 1 ST #13