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241 NW 11th 1 Street 13, Belle Glade, FL
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$1,350,000
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Home Details for 241 NW 11th 1 Street 13
Price
$1,350,000
Type
Commercial/Industrial
Total Bathrooms
17
Year Build
1979
Lot Size
0.47
County
Palm Beach
Tax
$19,051.6
MLS®️ Listing#
R11114625
On exitrealty.com
168 days
Property Description
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.
- Utilities
- Electricity Available
- Sewer Available
- Water Available
- Cooling Information
- Wall/Window Unit(s)
- Heating Information
- Wall Furnace
- Water Features
- Public
Listing Courtesy: Keller Williams Realty Boca Raton - 561-997-0500
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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$1,350,000
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EXIT REALTY PREMIER ELITE
8961 Hypoluxo Rd, Lake Worth, FL 33467