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600 S Main St
Belle Glade, FL 33430

Hani Building · Multifamily Property For Sale · 6 Units

Apartment Buildings Florida Belle Glade 600 S Main St, Belle Glade, FL 33430

Investment Highlights

  • Great location with a B-1 business district
  • Upside income potential.

Executive Summary

Fantastic opportunity. 6 residential units with a great location within the City of Belle Glade. Each unit has a different lay out and square footage allowing the potential buyer to update the spaces and increase the rental rates. Each property has individual meters for water/sewer and FPL services.
Unit 1 has three apartments: Apartment 1 is a 1 bedroom / 1bathroom, Apartment 2 is a large 2 bedroom/1bathroom, Apartment 3 is a 3 bedroom/1bathroom.
Unit 2 has two apartments each one is a 2-bedroom 1 bathroom
Unit 3 is a single-family home with 2-bedroom 1 bathroom

PROPERTY FACTS

Price Per Unit $118,500 CAD Apartment Style Single Family Home
Sale Type Investment Lot Size 0.40 AC
Cap Rate 8.56% Building Size 5,097 SF
Sale Conditions Deferred Maintenance Average Occupancy 100%
No. Units 6 No. Stories 1
Property Type Multifamily Year Built 1955
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price Per Unit $118,500 CAD
Sale Type Investment
Cap Rate 8.56%
Sale Conditions Deferred Maintenance
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Single Family Home
Lot Size 0.40 AC
Building Size 5,097 SF
Average Occupancy 100%
No. Stories 1
Year Built 1955
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Tile Floors
  • Eat-in Kitchen
  • Tub/Shower
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $1,138 CAD 757 - 1,151
1+1 1 $639.90 CAD 440 - 500
3+1 1 $1,564 CAD 1,040

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PROPERTY TAXES

Parcel Number 04-37-43-42-01-006-0080 Improvements Assessment $594,238 CAD
Land Assessment $47,210 CAD Total Assessment $316,202 CAD

PROPERTY TAXES

Parcel Number
04-37-43-42-01-006-0080
Land Assessment
$47,210 CAD
Improvements Assessment
$594,238 CAD
Total Assessment
$316,202 CAD

zoning

Zoning Code B-1 (B-1—CENTRAL BUSINESS DISTRICT (04-BELLE GLADE))
B-1 (B-1—CENTRAL BUSINESS DISTRICT (04-BELLE GLADE))

  • Listing ID: 34172905

  • Date on Market: 2024-12-12

  • Last Updated:

  • Address: 600 S Main St, Belle Glade, FL 33430

The Multifamily Property at 600 S Main St, Belle Glade, FL 33430 is currently available for sale. Contact Casteland Real Estate Corp. for more information.

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