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$1,350,000
 $7,247 est/mo Sourced by Back At You

241 NW 11th 1 Street 13,Belle Glade, FL 33430

Belle Glade, FL 33430

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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.

Details

MLS #R11114625
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1979
Days On Site384
Listing Provided ByKeller Williams Realty Boca Raton | Daniel Karp

Features

SQ Feet13,220
Story(s)2
Units16
ZoningR2(cit
Acreage0.47

Taxes

Tax Annual Amount19051

Area Information

StateFL
CountyPalm Beach
CityBelle Glade
Zip Code33430
Area5560
SubareaPalm Beach 5540ab; 5560ab; 5590b
Listing VS Median (in 33430)
Price:
$1,350,000
low | high
Med:
$330,000
100% of Average
sqft:
13,220
low | high
Med:
4,309
100% of Average
$ / sqft:
$102
low | high
Med:
$77
75.004512519017% of Average
On site:
384
low | high
Med:
127
100% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyPalm Beach
CityBelle Glade
Zip Code33430
Area5560
SubareaPalm Beach 5540ab; 5560ab; 5590b
Listing VS Median (in 33430)
Price:
$1,350,000
low | high
Med:
$330,000
100% of Average
sqft:
13,220
low | high
Med:
4,309
100% of Average
$ / sqft:
$102
low | high
Med:
$77
75.004512519017% of Average
On site:
384
low | high
Med:
127
100% of Average
Sourced by Back At You
Listing Updated: August 28, 2026 at 4:46:01 PM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc