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10 Unit Belle Glade Apartment

$395,000

656 Southwest Avenue C Place, Belle Glade, FL 33430

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Last Updated: 01/06/2023

7

Cap Rate

10

Pro Forma Cap Rate

Details:
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
Highlights:
  • Opportunity zone
  • Fully leased with yearly agreements
  • Upside income potential
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.?

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