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733 Dr Martin Luther King Jr, Belle Glade, FL 33430

Commercial Recently Sold
$0

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34 days
0 room(s)
14,550 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Great investment opportunity to own two multifamily buildings with 30 units at an almost 8% caps rate with potential to increase. Both buildings are very well painted. 0% vacancy rate; no evictions or defaults. Tenants pay very well. Low property insurance. Buildings include a total of 6 parking spaces big enough to fit 12 cars. It also has street parking. Record shows 28 units, however there is an additional studio and a commercial retail space which makes it 30 units in total, all rented. Buildings have all certifications up to date and owners have done a great job maintaining it. Potential to increase caps rate in different ways, being one of them to increase rents to current market rates. Please, call for more information.

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1959
Lot:
No Data
Heating:
No Data
Price/sqft:
$151
Cooling:
No Data
HOA:
No Data
All facts and features
  • Other Property Information

    • Parcel Number: 04374331010301020

    • Zoning: R3(cit

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $15,866

  • Source details

    • MLS ID: RX-10867207

    Other facts

    • Direction Faces: Head north on S Main St toward SE Ave G Turn left onto SW Ave E/Dr M.L.K. Jr Blvd W Destination will be on the right

    • Garage: Yes

    • Living Area: 14550

    • Subdivision Name: S/D OF 31-43-37 BY ST SURVEY

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: GetMoreOffers