Fourplexes and Land available
$610,000
1009 West Avenue A, Belle Glade, FL 33430
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 01/18/2024
5
Cap Rate
31,066
NOI
Details:
Cap Rate: 5%
NOI: $31,066
Pro Forma Cap Rate : 9%
Building Size: 4,992 sqft
Lot Area: 1.19 acres
Occupancy: 100%
Class: C
Average Room Size: 624 sqft
Year Built: 1965
Zoning: R-2
Floors: 2
Construction Status: CBS
Roof: Shingles
HVAC: None
Floor: Concrete, vinyl
Investment Strategy: Value Add
Highlights:
- Opportunity zone
- Additional land for developing opportunity
- Fully leased with yearly agreements
- Upside income potential
Description:
Opportunity Zone. Currently 6% ROI with an upside of 11% ROI. Building fully leased, tenants with yearly rental agreements. Each unit is two bedroom one bathroom , individual water and electrical meters. Tenants pay their own utilities and they bring their own window unit.
Additional land to built two more quadplexes or maybe three. Upside income potential.
Location
Gallery
