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

Building Details

Year Built

1979

Listing Agency Realty Professionals of Boca Raton, LLC d***@kw.com Show Phone

Listed by Daniel Karp · License #3455075 Show Phone

Source Elliman

Added: Mar 24 Updated: Jul 6 at 12:32 pm Checked: Jul 20 at 4:44 am

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Investment Insights

Based on property information with market context.

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. The unit mix primarily consists of 2-bedroom, 1-bath apartments. 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. The investment delivers a cap rate between 8% and 9.37%, a GRM of 6.95, and a price per unit of approximately $84,000. This property presents a value-add or turnkey opportunity in South Florida's workforce housing market.

Key Highlights

• 100% Occupancy with $108,000 NOI
• Attractive Cap Rate between 8‑9.37%
• 16 Units in Two Buildings

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FAQs

What type of property is this?

Apartment building - 16-unit multifamily property in central Belle Glade, 100% occupied.

Where is this apartment building located?

The property is located at 241 NW 11th 1 St 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 $108,000 NOI; Attractive Cap Rate between 8‑9.37%; 16 Units in Two Buildings