12 Unit Belle Glade Apartment
$565,000
316 Southwest 3rd Street, Belle Glade, FL 33430
For Sale
Multifamily
Active
Last Updated: 01/06/2023
6
Cap Rate
34,528
NOI
Details:
Cap Rate: 6%
NOI: $34,528
Pro Forma Cap Rate : 10%
Building Size: 7,384 sqft
Lot Area: 0.21 sqft
Occupancy: 100%
Class: C
Units: 12
Year Built: 1974
Zoning: B-2
Floors: 2
Construction Status: CBS
Roof: Shingles
HVAC: None
Floor: Concrete, Vinyl
Investment Strategy: Value Add
Highlights:
- Opportunity Zone
- Fully leased, yearly agreements
- Upside income potential
Description:
Opportunity Zone. Currently 6.5% ROI with an upside of 11% ROI. Building fully leased, tenants with yearly rental agreements. 12 Unit apartment building with a unit break down of 4 units one bedroom one bathroom and 8 units with a two bedroom one bathroom distribution, individual water and electrical meters. Tenants pay their own utilities and they bring their own window unit.
Location
Gallery
