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Fourplexes and Land available

$610,000

1009 West Avenue A, Belle Glade, FL 33430

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.​

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