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Address not disclosed Belle Glade, FL 33430
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,550 sqft
Price per Sqft $92
MLS Listing ID A10800426
Year Built 1959
Annual Tax Amount $12,638
Lot Size 0.336 Acres
Property 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.
Location
State FL
County Palm Beach County
Area 5560
Interior
Heating Central, Electric
Cooling Central Air
Flooring Concrete, Ceramic Tile, Wood
Exterior
Waterfront No
Roof Type Concrete,Other,Shingle
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Block,Frame,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Ancona Real Estate Inc
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