Property 241 NW 11th 1 Street 13, Belle Glade, FL 33430 for sale with MLS# R11114625
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.
241 NW 11th 1 Street 13, Belle Glade, FL 33430
- Price:
- $1,350,000.00
- Original List Price:
- $1,350,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $102.11
- Tenant Pays:
- Electricity, Water, Sewer, Cable Tv
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- October 22, 2025 7:09 pm
- Bathrooms Total:
- 17
- Built-Up Area:
- 13,220 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.47
- Security:
- Fire Alarm
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Window/wall
- Year Built:
- 1979
- Roof:
- Composition
- Number of Units Total:
- 16
- Construction Materials:
- Concrete
- Flooring:
- Other
- Stories:
- 2
- Tax Annual Amount:
- $19,051.6
- Tax Year:
- 2024
- Sewer:
- Public Sewer
- Electric:
- 110 Volts, Three Phase, Separate Meters
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Deed, Photos, Books & Records, Copy Of Lease(s), Owner Managed
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- LAKESHORE HGTS SUB PL 2 LTS 11 & 12
- Real Estate Folio Number (Parcel Number):
- 04374331300000110
- Zoning:
- R2(cit
- Active on the market since:
- August 11, 2025
- Listing Agreement executed on:
- August 7, 2025
- Purchase Contract Date:
- August 22, 2025
- Listing Status Last Changed On:
- October 22, 2025 7:09 pm
- Photos updated on:
- August 11, 2025 2:35 pm
- Last Modified:
- August 6, 2026 5:10 pm
- Courtesy of:
- Keller Williams Realty Boca Raton
- Attribution:
- Not provided
- Street Name:
- 11th 1
- Street Number:
- 241
- Unit Number:
- 13
- City:
- Belle Glade
- State:
- Florida
- Zip Code:
- 33430
- County:
- Palm Beach
- Latitude:
- N26° 41' 16.7''
- Longitude:
- W81° 19' 16.9''
- Street Suffix:
- Street
- Street Direction Prefix:
- NW
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 241 NW 11th 1 Street 13, Belle Glade, FL 33430
