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Belle Glade, FL 33430 (MLS # A10800426)

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PRICE $1,750,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE 14,618.00 ac

Multifamily property 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 will be leased for $550 and the two bedrooms units will be leased for $675. Building is 7,920 Sq. Ft. and is being fully renovated. The units will have brand new kitchen, bathrooms, central A/C's and interior and exterior paint. The upgrades should be finished by March or April, 2020 with closed permits and the final Certificate of Occupancy issued by the city. Property is located in an opportunity zone, and 100% of the units are being renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market.

DAYS ON MARKET 15 LAST UPDATED 1/14/2020
YEAR BUILT 1959 COMMUNITY 5560
COUNTY Palm Beach County STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 5560
CONSTRUCTION BLOCK, Brick, Frame, Stucco
GARAGE Free Parking
HEAT CENTRAL, Electric
LOT 14618 acre(s)
SEWER Public Sewer
TAXES 12638
WATER Public
ZONING R3 (city
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Capital Commercial R.E. Group
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