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Sophia Larraz Molino

sophia@soldwithtara.com +1(954) 393-6109

Listed by Keller Williams Realty Boca Raton

$ 1,350,000

Est. payment -/mo

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241 NW 11th 1 ST 13 Belle Glade, FL 33430

17 Baths

13,220 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 13,220 sqft

Price per Sqft $102

Subdivision Lakeshore Heights 2

MLS Listing ID RX-11114625

Year Built 1979

Annual Tax Amount $19,051

Tax Year 2024

Lot Size 0.470 Acres

Property Sub-Type MultiFamily (5+ Units)

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

Heating Window/Wall

Cooling Wall-Win A/C

Flooring Other

Fireplaces Type Smoke Alarm

Exterior

Utilities Available 110, Electric, Public Sewer, Public Water, Separate Meter

Waterfront Description None

Roof Type Comp Shingle

Building

Story 100.00

Foundation Concrete

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded