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241 11th 1, Belle Glade, FL 33430

Commercial Active With Contract
$1,350,000

BTC: 15.17959997

ETH: 461.38072454

15 days
0 room(s)
13,220 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • Belle Glade • 33430 • Commercial • Active With Contract

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1979
Lot:
No Data
Heating:
No Data
Price/sqft:
$102
Cooling:
No Data
HOA:
No Data
All facts and features

  • Other Property Information

    • Parcel Number: 04374331300000110

    • Zoning: R2(cit

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $19,052

  • Source details

    • MLS ID: RX-11114625

    Other facts

    • Garage: Yes

    • Living Area: 13220

    • Subdivision Name: LAKESHORE HEIGHTS 2

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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 ©2025-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: Keller Williams Realty Boca Raton