$1,350,000
Belle Glade, FL 33430
MLS# R11114625
Status: Active Under Contract
13220 sqft
1 / 15
Property 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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-08-07
Status: Active Under Contract
Original List Price: 1350000
List Price: $1,350,000
Current Price: $1,350,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Belle Glade
Postal Code: 33430
Geographic Area: PB25
Property Description: 16 UNIT COMM. INCOME
Country: United States
Street Number: 241
Street Direction Prefix: NW
Street Name: 11th 1
Street Suffix: Street
Unit Number: 13
State Or Province: FL
Area: 5560
Parcel Number: 04374331300000110
Zoning: R2(cit
General Property Information
Number Of Units Total: 16
Lot Size Area: 20473.2
Stories: 2
Property Sub Type: Multi Family
Building Area Main: 13220
Building Area Source: Public Records
Year Built: 1979
Lot Size Acres: 0.47
Remarks and Miscellaneous
Public Historical Remarks: Building Type: Income
Office/Member Information
DXORIGMLSID: RML
Electric
110 Volts: 1
Separate Meters: 1
Three Phase: 1
Flooring
Other: 1
Documents Available
Books & Records: 1
Copy Of Lease(s): 1
Deed: 1
Owner Managed: 1
Photos: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Sewer: 1
Water: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Building and Property Details
# Of Toilets: 17
% Air Conditioned: 100
Maximum Ceiling Height: 7
Heating
Window/Wall: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
Concrete: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Composition: 1
Security Features
Fire Alarm: 1
Water Source
Public: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Contingencies
None: 1
Price Calculations
Current Price To SqFt: 102.11
Financial Information
Tax Annual Amount: 19051.6
Tax Year: 2024
Tax Legal Description: LAKESHORE HGTS SUB PL 2 LTS 11 & 12
Status Change Information
Major Change Timestamp: 2025-10-22T19:09:28Z
Major Change Type: Status Change
Status Change Date: 2025-10-22
Under Contract Type: Active Under Contract
Under Contract Date: 2025-08-22
Originating Details
Originating System Key: 20250807124722338804000000
Originating System ID: M00000170
Property Features
Documents Available: Books & Records; Copy Of Lease(s); Deed; Owner Managed
Electric: 110 Volts; Separate Meters; Three Phase
Flooring: Other
Heating: Window/Wall
Possession: Close Of Escrow; Negotiable
Sale Includes: Building; Land
Tenant Pays: Cable TV; Electricity; Sewer; Water
Construction Materials: Concrete
Cooling: Wall/Window Unit(s)
Listing Terms: Cash; Conventional
Roof: Composition
Security Features: Fire Alarm
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Contingencies: None
Listing Office: Keller Williams Realty Boca Raton
Last Updated: July - 22 - 2026
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