241 NW 11th 1 #13, Belle Glade, FL 33430
Central Belle Glade 16-unit property with mostly 2 bed/1 bath units, individually metered utilities, and surface parking.
- Added:
- Jun 10, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 4 at 3:08 am
Property Features for 241 NW 11th 1 #13
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing office KELLER WILLIAMS REALTY BOCA RATON
Listing date Jun 10, 2026
Source Corcoran
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HighLights
- 16‑unit multifamily property made of two adjacent 8‑unit buildings
- Built in 1979 with concrete block construction
- Mostly 2 bed / 1 bath units with individually metered utilities
- 21 surface parking spaces and 100% occupancy
- Operating income (NOI) approx. $108,000
- Investment metrics: approx. 8–9.37% cap rate, 6.95 GRM; offered at $1,350,000 (~$84K per unit)
Overview
The property is located in central Belle Glade and is described as within walking distance to schools, shops, and employers. It is 100% occupied and is being offered for sale.
For investors and operators looking for a stabilized, income-producing multifamily asset, this offering provides an approximately $108,000 operating income (NOI), with stated underwriting including an 8-9.37% cap rate, a 6.95 GRM, and an approximate $84K price per unit. The seller is offering the property at $1,350,000, presenting a straightforward 16-unit configuration across two connected buildings.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Belle Glade
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.6786786
- Latitude
- 26.6881115
