733 W Dr Martin Luther King Jr Blvd W, Belle Glade FL 33430
Belle GladeMap
| Price | $2,230,000.00 |
| Listing ID | A11356782 |
| Status | For Sale |
| Address Map |
733 W Dr Martin Luther King Jr Blvd W, Belle Glade FL 33430 |
| Area | Belle Glade |
| Beds | |
| Baths | |
| Square Ft | |
| Lot Size | 14,550 |
| Year Built | 1959 |
| Taxes | $15,866 |
Description
Great investment opportunity to own two multifamily buildings with 30 units at 9.68% caps rate. Units are in good condition. Refer to sales presentation for more images, including inside the units. Both buildings are very well maintained. 0% vacancy rate; no evictions or defaults. Low property insurance. Buildings include a total of 6 parking spaces big enough to fit 12 cars. It also has street parking. Record shows 28 units, however there is an additional studio and a commercial retail space which makes it 30 units in total, all rented. Buildings have all certifications up to date and owners have done a great job maintaining it. Potential to increase caps rate in different ways, being one of them to increase rents to current market rates. Please, call for more information.