417 SW 6th Street

Description:

The List Price is the opening Bid Price plus a 7% Buyer's Premium. The property is being sold via an Online Auction. The Online Auction Begins Thursday, June 12, 2025 @ 11:00 AM ET & Ends Thursday, June 12, 2025 @ 1:00 PM ET subject to any time extensions. The Property Is Sold "As-Is, Where-Is" With No Representations, Warranties Or Guarantees Of Any Kind, Whether Stated Or Implied. Buyers Must Conduct their Own Due Diligence, Seller Doesn't Warrant Or Guarantee Any Of the Information Within This Listing. PROPERTY HIGHLIGHTS Prime Investment Property with 43 Apartments and a Retail /Commercial Building Units and Building have been recently renovated and consist of 1,2 and 3 Stories Close Proximity to Lake Okeechobee and Wildlife Sanctuaries Central Location to Employment Centers with attractive commute times that include 1 Hour to West Palm Beach, 1.5 Hours to Miami and 1.45 Hours to Fort Myers Major Air Travel is located within 1 Hour to Palm Beach International Airport Perfect Investment with good monthly gross and above average occupancy Palm Beach County is experiencing Rising Job Growth, a Healthy Jobs Market and Steady Residential Construction Belle Glade has easy access to main transportation networks in the South Florida metropolitan area. The city has a stable economy supported by the manufacturing, retail, and healthcare sectors.PROPERTY DETAILS Address: 417 Southwest 6th Street, Belle Glade, Florida 33430 Location: Northeast Corner of SW 6th Street and Dr. MLK Blvd Directions: From US Highway 27 go East on E Palm Beach Road. Continue to Dr MLK Blvd. Turn left and proceed to SW 6th Street. Property is on the Northeast Corner Access: SW 6th Street, SW Avenue E and SW 5th Street Building Size: 17,556+/- Gross Square Feet. 16,720+/- Rentable Square Feet Land Area: 20,473+/- Square Feet / .47+/- Acres Current Use: 43 Multifamily Rental Apartments and Retail and O?ce Lease Construction: Concrete Masonry Construction, Single Pane Aluminum Windows, Built-Up Tar & Gravel Roo?ng HVAC: Window Units Year Built: 1957, Recent Renovations Frontage: 75+/- Feet along SW 6th Street and SW 5th Street and 275+/- Feet along Dr MLK Blvd Zoning: B-2, Business District. See the Zoning Section for Permitted Uses and Building Requirements Taxes: 2024 Total - $29,613.00 Parcel Control No.: 04-37-43-31-15-002-0010 Flood Zone: Zone X Utilities: Individually Metered Municipal Water and sewer (Tenant Pays) Electric: Individually Metered Units (Tenant Pays) Parking: 19 Surface Parking Spaces Unit Mix: 24 E?ciencies | 19 One Bedroom Units Unit Size: E?ciencies - 330+/- SF | One Bedroom Units - 400+/- SF Commercial Building: Two Units totaling 1,200+/- SFUNIT MIXUnit Type - Studio | Area - 330+/- SF | Total Count - 24 | Total Area - 7,920+/- SFUnit Type - 1 BR, 1 BA | Area - 400+/- SF | Total Count - 19 | Total Area - 7,600+/- SFUnit Type - Commercial Units | Area - 600+/- SF | Total Count - 2 | Total Area - 1,200+/- SF