241 NW 11th 1 Street
$1,350,000
241 NW 11th 1 Street, Belle Glade, FL 33430
For Sale
Multifamily
Active
Last Updated: 08/12/2025
1979
Year Built
R2(cit
Zoning
Details:
Year Built: 1979
Zoning: R2(cit
Roof: ["Composition"]
Floor: []
Restrooms: 17
Cooling: []
Highlights:
- Building Area: 13220.0
Description:
241 NW 11th St is a 16-unit multifamily property made up of two adjacent 8-unit buildings. Built in 1979 with durable concrete block construction, it features mostly 2 bed / 1 bath units, individually metered utilities, and 21 surface parking spaces. The property is 100% occupied, generating a operating income (NOI) of approximately $108,000.
Located in central Belle Glade, it's within walking distance to schools, shops, and employers. Offered at $1,350,000, the investment delivers a cap rate between 8-9.37%, a GRM of 6.95, and a price per unit of ~$84K.
An ideal value-add or turnkey opportunity in South Florida's workforce housing market.
Location
Gallery
