612-620 SW 6th St
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612-620 SW 6th St
7 Unit Apartment Building $950,000 ($135,714/Unit) 10.36% Cap Rate Belle Glade, FL 33430
Executive Summary
7 Units newly renovated. This property was recently renovated top to bottom with new flooring, new electrical and plumbing fixtures, new kitchen cabinets, and bathrooms new appliances, new AC units, fresh interior and exterior paint, new grounds. Belle Glade's main industry agriculture is being joined by other industries that have found a robust labor pool, and it is within an hour of less to major businesses and population centers across Southern Florida. The region's largest employers are US Sugar, Florida Crystal, Sugar Cane Growers Cooperative of Florida, Lakeshore Hospital to name a few.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $950,000 | Building Class | C |
| Price Per Unit | $135,714 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 5,132 SF |
| Cap Rate | 10.36% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.65 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1954/2023 |
| Property Type | Multifamily | Parking Ratio | 1.36/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $950,000 |
| Price Per Unit | $135,714 |
| Sale Type | Investment |
| Cap Rate | 10.36% |
| Gross Rent Multiplier | 9.65 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,132 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2023 |
| Parking Ratio | 1.36/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Refrigerator
- Range
Site Amenities
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,121 | 648 - 864 |
| 3+2 | 1 | $1,538 | 800 |
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PROPERTY TAXES
| Parcel Number | 04-37-43-42-09-004-0040 | Total Assessment | $411,639 (2023) |
| Land Assessment | $15,804 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $395,835 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
04-37-43-42-09-004-0040
Land Assessment
$15,804 (2023)
Improvements Assessment
$395,835 (2023)
Total Assessment
$411,639 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | R-2 (Residential (up to 20.4 du/ac)) |
| R-2 (Residential (up to 20.4 du/ac)) |
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612-620 SW 6th St
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