Belle Glade Triplex and Fourplex
$375,000
612 Southwest 6th Street, Belle Glade, FL 33430
For Sale
Multifamily
Duplex / Triplex / Fourplex
Active
Last Updated: 01/06/2023
7
Cap Rate
8
Pro Forma Cap Rate
Details:
Cap Rate: 7%
Pro Forma Cap Rate : 8%
NOI: $26,226
Building Size: 5,132 sqft
Lot Area: 0.23 acres
Occupancy: 100%
Class: C
Units: 7
Average Room Size: 648 sqft
Year Built: 1954
Zoning: R-2
Floors: 2
Construction Status: CBS
Roof: Shingles
HVAC: None
Floor: Concrete, vinyl
Investment Strategy: Value Add
Highlights:
- Opportunity zone
- Fully leased with yearly agreements
- Upside income potential.
Description:
Opportunity Zone. Currently 7% ROI with an upside of 10% ROI. Building fully leased, tenants with yearly rental agreements. This property has one quadplex and one triplex, each of the 7 units are two bedroom, one bathroom with their own individual water and electrical meters. Tenants pay their own utilities and they bring their own window unit.
Location
Gallery
