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241 NW 11th 1 Street 13, Belle Glade, FL 33430 (MLS# R11114625)

241 NW 11th 1 Street 13, Belle Glade, FL 33430

$1,350,000
Property Type: Commercial Sale Square Footage: 13,220 Status: Active Under Contract
Current Price: $1,350,000 List Date: 8/11/2025 Last Modified: 4/27/2026

Overview

Description

241 NW 11th St is a 16-unit multifamily property made up of two adjacent 8-unit buildings. Built in 1979 with durable concrete block construction, it features mostly 2 bed / 1 bath units, individually metered utilities, and 21 surface parking spaces. The property is 100% occupied, generating a operating income (NOI) of approximately $108,000. Located in central Belle Glade, it's within walking distance to schools, shops, and employers. Offered at $1,350,000, the investment delivers a cap rate between 8-9.37%, a GRM of 6.95, and a price per unit of ~$84K. An ideal value-add or turnkey opportunity in South Florida's workforce housing market.

Listing Details MLS# R11114625

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
16
Building Area Main
13220
Building Area Source
Public Records
Year Built
1979
Lot Size Area
20473.2
Lot Size Acres
0.47
Stories
2

Property Features

Documents Available: Books & Records; Copy Of Lease(s); Deed; Owner Managed Electric: 110 Volts; Separate Meters; Three Phase Flooring: Other Heating: Window/Wall Possession: Close Of Escrow; Negotiable Sale Includes: Building; Land Tenant Pays: Cable TV; Electricity; Sewer; Water Construction Materials: Concrete Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Composition Security Features: Fire Alarm Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
1350000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
241
Street Direction Prefix
NW
Street Name
11th 1
Street Suffix
Street
Unit Number
13
City Name
Belle Glade
State Or Province
FL
Postal Code
33430
Area
5560
Geographic Area
PB25
Parcel Number
04374331300000110
Zoning
R2(cit
Property Description
16 UNIT COMM. INCOME

Financial Information

Tax Annual Amount
19051.6
Tax Year
2024
Tax Legal Description
LAKESHORE HGTS SUB PL 2 LTS 11 & 12

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2025-10-22T19:09:28Z
Major Change Type
Status Change
Status Change Date
2025-10-22
Under Contract Type
Active Under Contract
Under Contract Date
2025-08-22

Building and Property Details

# Of Toilets
17
% Air Conditioned
100
Maximum Ceiling Height
7

Price Calculations

Current Price To SqFt
102.11

Originating Details

Originating System Key
20250807124722338804000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

110 Volts
Yes
Separate Meters
Yes
Three Phase
Yes

Flooring

Other
Yes

Documents Available

Books & Records
Yes
Copy Of Lease(s)
Yes
Deed
Yes
Owner Managed
Yes
Photos
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Sewer
Yes
Water
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Heating

Window/Wall
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

Concrete
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Composition
Yes

Security Features

Fire Alarm
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes

Contingencies

None
Yes
Listing Office: Keller Williams Realty Boca Raton
IDX
Last Updated: April - 27 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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