Updated 4 months ago on .
π¨ Off-Market 45-Unit Multifamily + Retail Deal | Belle Glade, FL | Value-Add + Cash
π¨ Off-Market 45-Unit Multifamily + Retail Deal | Belle Glade, FL | Value-Add + Cash Flow π¨
Looking to partner with a serious investor on a stabilized, high-yield opportunity in Palm Beach County. Here's the quick breakdown:
β’ 43-unit multifamily + 2 commercial storefronts
β’ Zoning: B-2 (Business District)
β’ Lot: 0.47 Acres | Building: ~17,556 SF
β’ Built: 1957 | Occupancy: 95.3%
β’ Unit Mix: 24 Studios (330 SF) + 19 1-Beds (400 SF)
β’ Avg Rent: $643/mo β Pro Forma: $750β$875/unit
β’ Recent CapEx: ~$205K (paint, cabinets, electrical, windows, parking)
π° Financial Snapshot
β’ NOI (Cash): $246K β 10.2% Cap @ $1.9M
β’ NOI (Sec 8): $277K β 11.6% Cap @ $1.9M
β’ Pro Forma CoC Return: 20β27% range
β’ Appraised at $2.7M (2023) = Built-in Equity
πΈ Seller Asking Price: $2,000,000
Open to offers and JV structure with the right partner.
π© 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.