About 241 Nw 11th 1 St #13
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.
Features of 241 Nw 11th 1 St #13
| MLS® # | RX-11114625 |
|---|---|
| Price | $1,350,000 |
| Square Footage | 13,220 |
| Acres | 0.47 |
| Year Built | 1979 |
| Type | Commercial |
| Sub-Type | Income |
| Style | Income, Resident. Multi-Fam. |
| Status | Active |
Community Information
| Address | 241 Nw 11th 1 St #13 |
|---|---|
| Area | 5560 |
| Subdivision | LAKESHORE HEIGHTS 2 |
| City | Belle Glade |
| County | Palm Beach |
| State | FL |
| Zip Code | 33430 |
Amenities
| Utilities | 3-Phase Electric, Public Sewer, Public Water, 110, Separate Meter |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Window/Wall |
| Cooling | Wall-Win A/C |
| # of Stories | 2 |
Exterior
| Lot Description | 16 UNIT COMM. INCOME |
|---|---|
| Roof | Comp Shingle |
| Construction | Concrete |
Additional Information
| Zoning | R2(cit |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Boca Raton |
|---|