17 Baths
13,220 sqft
$1,270,000
241 NW 11th 1 Street 13, Belle Glade FL, 33430
Price per sqft$96.07
Built in1979
Property size13,220 sqft
Property typeCommercial
Overview
Sold
Closed
Listed Aug 11, 2025
Updated 42h ago
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.
Additional information
- MLS® ID
- R11114625
Interior Features
- Bathrooms
- 17
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.47 Acres
Other Property Details
- Taxes
- $19,052
- Tax Frequency
- Annually
Bought with Rollande Joseph with Regency Realty Services and Listed by Keller Williams Realty Boca Ra
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Data last updated 6:34 AM UTC, 9/19/2026
