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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.

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
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

UNIT AMENITIES

  • Air Conditioning

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 19 - -
2+1 11 - -

PROPERTY TAXES

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)
  • Listing ID: 34629410

  • Date on Market: 1/28/2025

  • Last Updated:

  • Address: 733 Dr Martin Luther King Jr Blvd W, Belle Glade, FL 33430

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