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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

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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.

Belle Glade Income Statement 7% Cap Rate-IS-March 2024 (1)

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

Price	$2,850,000	Building Class	C
Price Per Unit	$95,000	Lot Size	0.17 AC
Sale Type	Investment	Building Size	7,920 SF
Cap Rate	6.99%	Average Occupancy	80%
No. Units	30	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1965/2020
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	0.76/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,850,000
Price Per Unit	$95,000
Sale Type	Investment
Cap Rate	6.99%
No. Units	30
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	7,920 SF
Average Occupancy	80%
No. Stories	3
Year Built/Renovated	1965/2020
Parking Ratio	0.76/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.