733 Dr Martin Luther King Jr Blvd W,Free Standing, Income Non-Waterfront, Commercial/Residential Income, Residential-Multi-Family

733 Dr Martin Luther King Jr Blvd W, Belle Glade, Florida, 33430

Price $1,600,000.00

  • Lot size 14618
  • Year Build 1959
  • Waterfront
  • Zip 33430
  • Style
  • Parking Description Free Parking
  • Pool Yes
  • Status Pending

Description

Multifamily property fully renovated composed of 30 units on 14,618 Sq. Ft. corner lot with an additional parking lot (included in sale) west of the building. Building has two bedrooms/one bathroom and one bedroom/one bathroom. The one bedroom units are being leased for $575 and the two bedrooms units are being leased for 650. Building is 7,920 Sq. Ft. and is being fully renovated. The units have brand new kitchen, bathrooms, central A/C?s and interior and exterior paint. Property is located in an opportunity zone, and 100% of the units are renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market.

MULTIFAMILY COMPLETELY RENOVATED. 8.66% Cap Rate.

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/

City Location, Corner Lot

Multifamily property fully renovated composed of 30 units on 14,618 Sq. Ft. corner lot with an additional parking lot (included in sale) west of the building. Building has two bedrooms/one bathroom and one bedroom/one bathroom. The one bedroom units are being leased for $575 and the two bedrooms units are being leased for 650. Building is 7,920 Sq. Ft. and is being fully renovated. The units have brand new kitchen, bathrooms, central A/C?s and interior and exterior paint. Property is located in an opportunity zone, and 100% of the units are renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market.

City:Belle Glade,Roof:1:Other,2:Shingle,Zoning:R3 (city,Heating:1:Central Individual A/C,List A O R:A-Miami Association of REALTORS,Electric:1:220 Volts,Flooring:1:Concrete,2:Wood,Latitude:26.682446,Malone Id:2094481382,Cooling Y N:1,Heating Y N:1,List Price:1600000,Listing Id:A10800426,Longitude:-80.675521,Mls Status:Pending,Ownership:Corporation,Year Built:1959,Directions:CALL LISTING AGENT.,Inclusions:Building & Land,Fixtures,Other Sale Includes,Living Area:14550,Postal Code:33430,Street Name:Dr Martin Luther King Jr Blvd W,Tenant Pays:1:Inside Insurance,2:Other,3:Telephone,4:Water,Contingency:No Contingencies,Coordinates:1:26.682446,Gross Income:222300,Lot Features:1:Corner Lot,Photos Count:15,Supplements:1:Order:2,Mime Type:application/pdf,Class Name:Residential,Resource Name:Property,Media Category:PDF,Media Object I D:341824011_2,Short Description:New Attachment,2:Order:3,Mime Type:application/pdf,Class Name:Residential,Resource Name:Property,Media Category:PDF,Media Object I D:341824011_3,Short Description:New Attachment,Business Type:1:Residential-Multi-Family,Days On Market:457,Listing Terms:1:Cash,2:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2020-01-14,Parcel Number:04374331010301020,Property Type:Commercial Sale,Street Number:733,Off Market Date:2021-04-15,Public Remarks:Multifamily property fully renovated composed of 30 units on 14,618 Sq. Ft. corner lot with an additional parking lot (included in sale) west of the building. Building has two bedrooms/one bathroom and one bedroom/one bathroom. The one bedroom units are being leased for $575 and the two bedrooms units are being leased for 650. Building is 7,920 Sq. Ft. and is being fully renovated. The units have brand new kitchen, bathrooms, central A/C?s and interior and exterior paint. Property is located in an opportunity zone, and 100% of the units are renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market.,County Or Parish:Palm Beach County,Expiration Date:2022-01-13,Frontage Length:90,Private Remarks:MULTIFAMILY COMPLETELY RENOVATED. 8.66% Cap Rate.,Standard Status:Pending,Living Area Units:Square Feet,Major Change Type:Pending,Postal Code Plus4:3797,State Or Province:FL,Street Dir Prefix:W,Tax Annual Amount:12638,Unparsed Address:733 W Dr Martin Luther King Jr Blvd W, Belle Glade FL 33430,Listing Agreement:Exclusive Right With Exception,Operating Expense:82190,Year Built Details:Resale,Building Area Total:7920,Building Area Units:Square Feet,Lot Size Square Feet:14618,Number Of Buildings:1,Original List Price:1750000,Previous List Price:1750000,Documents Available:1:Other Available Information,2:Owner Managed,3:Photos,I D X Participation Y N:1,Net Operating Income:140110,Syndication Remarks:Multifamily property fully renovated composed of 30 units on 14,618 Sq. Ft. corner lot with an additional parking lot (included in sale) west of the building. Building has two bedrooms/one bathroom and one bedroom/one bathroom. The one bedroom units are being leased for $575 and the two bedrooms units are being leased for 650. Building is 7,920 Sq. Ft. and is being fully renovated. The units have brand new kitchen, bathrooms, central A/C?s and interior and exterior paint. Property is located in an opportunity zone, and 100% of the units are renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market.,Financial Data Source:1:Other Source Of Expenses,2:Owner Provided,3:Projected Pro-Forma,Listing Contract Date:2020-01-14,Originating System I D:miamire,Public Survey Section:31,Showing Instructions:Call Listing Agent,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/,Electric On Property Y N:1,Construction Materials:1:Brick,2:CBS Construction,3:Frame With Stucco,4:Sheet Rock,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.5%,Contract Status Change Date:2021-04-15,Number Of Units In Community:30,Transaction Broker Compensation:1.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:109.97,

  • Price $1,600,000.00
  • Price Change: 2021-02-03
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1959
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction Concrete Block Construction, Brick, CBS Construction, Frame With Stucco, Sheet Rock
  • Parking Description Free Parking
  • Flooring Type Ceramic Floor, Concrete, Wood
  • Property Type Commercial Sale
  • Status Pending
  • Listed 2021-02-03
  • Days on Market 490
  • Furnished
  • City Belle Glade
  • Zip 33430
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 12638
  • Taxes Year