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    241 NW 11Th St, Unit 13 Belle Glade, FL 33430

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    For Sale
    $1,350,000

    16-unit multifamily property in central Belle Glade, fully occupied.

    Lot size:
    0.47 Acres

    Property Features for 241 NW 11Th St

    General Information

    Lot size
    0.47 Acres

    Building Details

    Year built
    1979

    Source: Keller Williams Realty Boca Raton Agent Daniel Karp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Belle Glade Multifamily Investment Opportunity

    The property at 241 NW 11th St is a 16-unit multifamily property, consisting of two adjacent 8-unit buildings constructed in 1979. The buildings feature concrete block construction and primarily offer 2-bedroom, 1-bathroom units. Utilities are individually metered. There are 21 surface parking spaces available. The property is currently 100% occupied and generates an operating income (NOI) of approximately $108,000. Located in central Belle Glade, the property is within walking distance of schools, shops, and employers. This investment delivers a cap rate between 8-9.37% and a GRM of 6.95, with a price per unit of approximately $84,000. This property represents a value-add or turnkey opportunity in South Florida's workforce housing market.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belle Glade
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.6786786
    Latitude
    26.6881115

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    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property in central Belle Glade, fully occupied.
    Where is this apartment building located?
    The property is located at 241 NW 11Th St, Unit 13 Belle Glade, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - 100% Occupancy with an NOI of approximately $108,000; - Attractive Cap rate between 8-9.37%; - 16-unit multifamily property with mostly 2 bed / 1 bath units
    (516) 241-6914
    Request Owner's contact information
    241 NW 11Th St, Unit 13 Belle Glade, FL 33430
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    Belle Glade, FL 33430
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 NW 11Th St, Unit 13 Belle Glade, FL 33430
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