
733 Dr Martin Luther King Jr Blvd W
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733 Dr Martin Luther King Jr Blvd W
30 Unit Apartment Building $2,850,000 ($95,000/Unit) 6.99% Cap Rate Belle Glade, FL 33430



EXECUTIVE SUMMARY
Prime Value-Add Multifamily Investment Opportunity – 30 Units in Belle Glade, FL
?? 733 Dr. Martin Luther King Jr. Blvd W, Belle Glade, FL
Unlock the tremendous upside potential in this 30-unit multifamily property consisting of two 3-story buildings in a high-demand rental market. This property is currently under market rent, offering significant room for rent increases and strong potential for Section 8 tenants, making it an excellent value-add investment.
Key Highlights:
? 30 Units – Individually metered for electricity ??
? Value-Add Opportunity – Rents well below market with potential for 9-10% PGI ??
? Updated Infrastructure – Recent electrical & plumbing upgrades ????
? Newer Roof – Replaced in the last few years ??
? Strong ROI – Currently producing a 7% return with significant upside potential ??
With increasing rental demand in Belle Glade, this asset presents a rare opportunity to enhance cash flow and long-term appreciation. Don’t miss out on this high-yield investment!
?? Contact us today for financials and to schedule a showing.
?? 733 Dr. Martin Luther King Jr. Blvd W, Belle Glade, FL
Unlock the tremendous upside potential in this 30-unit multifamily property consisting of two 3-story buildings in a high-demand rental market. This property is currently under market rent, offering significant room for rent increases and strong potential for Section 8 tenants, making it an excellent value-add investment.
Key Highlights:
? 30 Units – Individually metered for electricity ??
? Value-Add Opportunity – Rents well below market with potential for 9-10% PGI ??
? Updated Infrastructure – Recent electrical & plumbing upgrades ????
? Newer Roof – Replaced in the last few years ??
? Strong ROI – Currently producing a 7% return with significant upside potential ??
With increasing rental demand in Belle Glade, this asset presents a rare opportunity to enhance cash flow and long-term appreciation. Don’t miss out on this high-yield investment!
?? Contact us today for financials and to schedule a showing.
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
![]() |
Net Operating Income |
-
![]() |
-
![]() |
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 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 19 | - | - |
2+1 | 11 | - | - |
PROPERTY TAXES
Parcel Number | 04-37-43-31-01-030-1020 | Improvements Assessment | $0 (2023) |
Land Assessment | $0 (2023) | Total Assessment | $578,763 (2023) |
PROPERTY TAXES
Parcel Number
04-37-43-31-01-030-1020
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$578,763 (2023)
ZONING
Zoning Code | R-3 (Multi-Family Residential) |
R-3 (Multi-Family Residential) |
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733 Dr Martin Luther King Jr Blvd W
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