request_info_guest false
Street View
Map
6 Photos

Belle Glade Triplex and Fourplex

$375,000

612 Southwest 6th Street, Belle Glade, FL 33430

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.

Map:
Location
Gallery