10 Unit Belle Glade Apartment

656 Southwest Avenue C Place, Belle Glade, FL

   SOLD!   

$395,000

Price

7%

Cap Rate

10%

Pro Forma Cap Rate

Gallery
Street
Map
Overview
Cap Rate
7%
Pro Forma Cap Rate
10%
NOI
$29,315
Building Size
3,960 sqft
Lot Area
0.08 sqft
Occupancy
100%
Class
C
Units
10
Average Room Size
396 sqft
Year Built
1958
Zoning
R-3
Floors
2
Construction Status
CBS
Roof
Flat
HVAC
None
Floor
Concrete, Vinyl
Investment Strategy
Value Add
Description

Opportunity Zone. Good ROI investment. Fully leased on a yearly basis, with upside potential income. Each of the 10 units in this building are one bedroom, one bathroom with their own individual water and electrical meters. Tenants pay their own utilities and they bring their own window unit.
Property might need maintenance.?

Highlights
  • Opportunity zone
  • Fully leased with yearly agreements
  • Upside income potential
Location
Gallery