Address
733 W Dr Martin Luther King Jr Blvd W Belle Glade, FL
Price
$ 1,750,000
Property Attributes
  • MLS#A10800426
  • TypeCommercial
  • CountyPALM BEACH
  • CityBelle Glade
  • Area5560
  • Zip33430
  • StyleMultiFamily
  • Year Built1959
  • Taxes12638
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Green Tree Commercial, Inc
Property Description

Multifamily property composed of 30 units on 14,618 Sq. Ft. corner lot with an additional parking lot (included in sale) west of the building. Building has two bedrooms/one bathroom and one bedroom/one bathroom. The one bedroom units will be leased for $550 and the two bedrooms units will be leased for $675. Building is 7,920 Sq. Ft. and is being fully renovated. The units will have brand new kitchen, bathrooms, central A/C's and interior and exterior paint. The upgrades should be finished by March or April, 2020 with closed permits and the final Certificate of Occupancy issued by the city. Property is located in an opportunity zone, and 100% of the units are being renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market.

Price History
1/14/2020 Listed $1,750,000

General Features

Cooling CentralAir
Electric Item110Volts, Item220Volts
Flooring Concrete, CeramicTile, Wood
Heating Central, Electric
MLS Area 5560
Ownership Corporation
Parking Features FreeParking
Property SubType MultiFamily
Property Type CommercialSale
Roof Concrete, Other, Shingle
Sewer PublicSewer
Terms Cash, Conventional
Total Units 30
Year Built Details Resale
Zoning Description R3 (city

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Covered Spaces 0.0
Lot Size Area 14618.0
Lot Size Square Feet 14618.0
Number of Buildings 1
Number of Separate Electric Meters 30
Structure Type MultiFamily
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33430

Price
AVG $550K
$1.75M
Taxes
AVG $7,006
$12,638
Visits
AVG 34
54
Year Built
AVG 1976
1959

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