10 Cap, 45 unit C Class - Belle Glade, Florida

[David Reich]

Offering 43 unit mix of studios and 1 bedrooms with 2 small commercial stores. Cap rate is calculated after 10% Mgmt and 6% vacancy!

Need a 30 day close or less. Amazing return. Half units renovated recently. Great 1031 Investment.

Highlights:

NOI 190,000, actual

Price: 1,790,000

All cash

All cash paying tenants

15-30% upside with minimal investment

90% occupancy