🚨 Off-Market 45-Unit Multifamily + Retail Deal | Belle Glade, FL | Value-Add + Cash

[Jaratt Mullaney]

🚨 Off-Market 45-Unit Multifamily + Retail Deal | Belle Glade, FL | Value-Add + Cash Flow 🚨

Looking to partner with a serious investor on a stabilized, high-yield opportunity in Palm Beach County. Here's the quick breakdown:

• 43-unit multifamily + 2 commercial storefronts
• Zoning: B-2 (Business District)
• Lot: 0.47 Acres | Building: ~17,556 SF
• Built: 1957 | Occupancy: 95.3%
• Unit Mix: 24 Studios (330 SF) + 19 1-Beds (400 SF)
• Avg Rent: $643/mo → Pro Forma: $750–$875/unit
• Recent CapEx: ~$205K (paint, cabinets, electrical, windows, parking)

💰 Financial Snapshot
• NOI (Cash): $246K → 10.2% Cap @ $1.9M
• NOI (Sec 8): $277K → 11.6% Cap @ $1.9M
• Pro Forma CoC Return: 20–27% range
• Appraised at $2.7M (2023) = Built-in Equity

💸 Seller Asking Price: $2,000,000
Open to offers and JV structure with the right partner.

📩 DM me if you're actively buying and want the OM, T-12, rent roll, and walkthrough video. Happy to JV with a serious buyer or fund.