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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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
$1,350,000
Est. payment /mo
17 Baths
13,220 SqFt
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Key Details

Property Type Commercial

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 None

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

Zoning R2(cit

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Other

Fireplace No

Exterior

Water Access Desc Public

Roof Type Composition

Building

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Concrete

Others

Tax ID 04374331300000110

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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BeachesMLS, Inc. (FLR) IDX
Listed by Daniel Karp Keller Williams Realty Boca Raton

NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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241 NW 11th 1 ST #13

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