733 Dr Martin Luther King Jr Blvd W , for Sale & Rent

733 Dr Martin Luther King Jr Blvd W for Sale & Rent

Price $2,190,000.00

• Lot size 14550
• Year Build 1959
• Waterfront
• Zip 33430
• Style
• Parking Description Assigned, Off Site, Other, On Street
• Pool Yes
• Status Active

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.

Please, do not disturb tenants. Rent Roll and Sales Presentation have been uploaded in the attachments. No retained deposits will be paid to buyer's agent in the event of buyer default. All measurements, financials and listing details are approximate and to be verified by buyer. Please provide pre approval or POF with all offers. Please call Isabella at 786.870.6191 for more information and to schedule a private viewing. DO NOT WALK PROPERTY WITHOUT PERMISSION FROM LISTING BROKER.

31-43-37, SUB BY STATE SURVEY W 85 FT OF E 580 FT OF S 84.85 FT OF N 1294.85 FT OF LT 30 /LESS S 10 FT SR R/W/

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.

City:Belle Glade,Zoning:R3 (city,List A O R:A-Miami Association of REALTORS,Latitude:26.6641288,List Price:2190000,Listing Id:A11356782,Longitude:-80.71887,Mls Status:Active,Ownership:Limited Partnership,Year Built:1959,Postal Code:33430,Street Name:Dr Martin Luther King Jr Blvd W,Coordinates:1:26.6641288,Photos Count:1,Business Type:1:Retail Space,Days On Market:36,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2023-02-13,Parcel Number:04374331010301020,Parking Total:6,Property Type:Commercial Sale,Street Number:733,Open Parking Y N:1,Public Remarks: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.,County Or Parish:Palm Beach County,Expiration Date:2023-08-14,List Office Name:IQ Real Estate LLC,Private Remarks:Please, do not disturb tenants. Rent Roll and Sales Presentation have been uploaded in the attachments. No retained deposits will be paid to buyer's agent in the event of buyer default. All measurements, financials and listing details are approximate and to be verified by buyer. Please provide pre approval or POF with all offers. Please call Isabella at 786.870.6191 for more information and to schedule a private viewing. DO NOT WALK PROPERTY WITHOUT PERMISSION FROM LISTING BROKER.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Off Site,2:Other,3:On Street,Postal Code Plus4:3797,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:W,Tax Annual Amount:15866,Unparsed Address:733 W Dr Martin Luther King Jr Blvd W, Belle Glade FL 33430,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:14550,Building Area Units:Square Feet,Lot Size Square Feet:14550,Number Of Buildings:2,Original List Price:2190000,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2023-02-13,Originating System I D:miamire,Public Survey Section:31,Street Number Numeric:733,Tax Legal Description:31-43-37, SUB BY STATE SURVEY W 85 FT OF E 580 FT OF S 84.85 FT OF N 1294.85 FT OF LT 30 /LESS S 10 FT SR R/W/,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2023-02-13,Internet Address Display Y N:1,Number Of Units In Community:30,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,