241 11th 1 #13 ,Multi Family for Sale & Rent

241 11th 1 #13 for Sale & Rent

Price $1,350,000.00

• Lot size 13220
• Year Build 1979
• Waterfront
• Zip 33430
• Style
• Parking Description
• Pool Yes
• Status Active With Contract

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.

LAKESHORE HGTS SUB PL 2 LTS 11 & 12

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.

City:Belle Glade,Sewer:1:Public Sanitation,2:Sewer,Zoning:R2(cit,Country:United States,List A O R:BeachesMLS,Stories:2,Tax Year:2024,Electric:1:3 Phase Electric,2:Separate Meters,Latitude:26.6881114,Cooling Y N:1,Heating Y N:1,List Price:1350000,Listing Id:R11114625,Longitude:-80.6786786,Mls Status:Active With Contract,Year Built:1979,Inclusions:Building Only, Business And Building,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33430,Street Name:11th 1,Tenant Pays:1:Water,Unit Number:13,Contingency:No Contingencies,Coordinates:1:26.6881114,Photos Count:15,Days On Market:15,Listing Terms:1:Conventional,Lot Size Acres:0.47,Lot Size Units:Square Feet,M I A M I R E_ Area:5560,On Market Date:2025-08-07,Parcel Number:04374331300000110,Property Type:Commercial Sale,Stories Total:2,Street Number:241,Street Suffix:Street,Off Market Date:2025-08-22,Public Remarks: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.,County Or Parish:Palm Beach County,Documents Count:3,Expiration Date:2026-01-22,List Office Name:Keller Williams Realty Boca Raton,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Property Sub Type:Multi Family,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:19051,Unparsed Address:241 NW 11th 1 Street # 13, Belle Glade FL 33430,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Security Features:1:Fire Alarm,Building Area Total:13220,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ For Sale Y N:1,Original List Price:1350000,Documents Available:1:Copies Of Lease(S),2:Owner Managed,I D X Participation Y N:1,M I A M I R E_ Last Status:Active,M I A M I R E_ Num Toilets:17,M I A M I R E_ Sub Board I D:Palm Beach,Number Of Units Total:16,Syndication Remarks: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.,Listing Contract Date:2025-08-07,Originating System I D:miamire,Showing Instructions:Appointment Only,Call Listing Agent,Elect Lockbox-Call List Agent,Street Number Numeric:241,Tax Legal Description:LAKESHORE HGTS SUB PL 2 LTS 11 & 12,Electric On Property Y N:1,M I A M I R E_ A C Percentage:100,M I A M I R E_ Current Price:1350000,Bathrooms Total Integer:17,M I A M I R E_ Year Installed:1979,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 5540ab; 5560ab; 5590b,M I A M I R E_ Parcel Number M L X:0437,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-10-22,Internet Address Display Y N:1,Number Of Units In Community:16,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:516-241-6914,M I A M I R E_ Property Description:16 UNIT COMM. INCOME,M I A M I R E_ Maximum Ceiling Height:7,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,