Belle Glade Triplex and Fourplex

612 Southwest 6th Street, 620 Southwest 6th Street Belle Glade, FL

   SOLD!   

$375,000

Price

7%

Cap Rate

8%

Pro Forma Cap Rate

Gallery
Street
Map
Overview
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
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.

Highlights
  • Opportunity zone
  • Fully leased with yearly agreements
  • Upside income potential.
Location
Gallery