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241 NW 11th St
Belle Glade, FL 33430
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- 16-Unit Multifamily Asset: Comprised of two contiguous 8-unit buildings situated on a single parcel, offering operational scale and management efficie
- Unit Mix: All two-bedroom, one-bathroom units, catering to a wide tenant base including families and working professionals.
- Low-Density Layout: Garden-style configuration with walk-up access, appealing to tenants seeking privacy and outdoor space.
- Concrete Block Construction: Durable, low-maintenance construction typical of stable Class C workforce housing assets.
- Ample On-Site Parking: Surface parking available for residents, enhancing tenant convenience and property appeal.
- Central Location within Belle Glade: Situated within walking distance of local schools, retail centers, and employment hubs.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. CQ1066435
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price Per Unit | $84,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 8% | Building Size | 12,400 SF |
| Gross Rent Multiplier | 6.95 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2 - RESIDENTIAL DISTRICTS | ||
| Price Per Unit | $84,375 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 6.95 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 12,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 1.69/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - RESIDENTIAL DISTRICTS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Refrigerator
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 15 | - | - |
| 3+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 04-37-43-31-30-000-0110 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $731,191 |
PROPERTY TAXES
Parcel Number
04-37-43-31-30-000-0110
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$731,191
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