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Heather Parnass

heather.parnass@engelvoelkers.com +1(954) 812-6741

Listed by Keller Williams Realty Boca Raton

$ 1,350,000

Est. payment -/mo

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Active Under Contract

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

17 Baths

13,220 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 13,220 sqft

Price per Sqft $102

Subdivision Lakeshore Heights 2

MLS Listing ID RX-11114625

Year Built 1979

Annual Tax Amount $19,051

Tax Year 2024

Lot Size 0.470 Acres

Property Sub-Type MultiFamily (5+ Units)

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.

Location

State FL

County Palm Beach

Area 5560

Zoning R2(cit

Interior

Heating Window/Wall

Cooling Wall-Win A/C

Flooring Other

Fireplaces Type Smoke Alarm

Exterior

Utilities Available 110, Electric, Public Sewer, Public Water, Separate Meter

Waterfront Description None

Roof Type Comp Shingle

Building

Story 100.00

Foundation Concrete

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/241-NW-11th-1-Street-13-Belle-Glade-FL-33430/unbranded

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 9

6

Pioneer Park Elementary School

Public | PK - 5
4

Rosenwald Elementary School

Public | KG - 5
4

Glade View Elementary School

Public | PK - 5
1

Gove Elementary School

Public | KG - 6
1

Belle Glade Elementary School

Public | PK - 5
0

Lakeside Academy

Public | KG - 6
0

Belle Glade Excel Charter School

Public | KG - 5
0

Belle Glade Christian Academy

Private | PK - 12
0

Glades Day School

Private | KG - 6

Middle Schools 3

1

Lake Shore Middle School

Public | 6 - 8
0

Crossroads Academy

Public | 6 - 12
0

Educational Services Program-West

Public | 6 - 12

High Schools 1

3

Glades Central High School

Public | 9 - 12

School and business data provided by Attom Data.

Heather Parnass

Luxury Real Estate Advisor, Team Leader | License ID: 598905

+1(954) 812-6741

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