656 SW Avenue C Plz
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656 SW Avenue C Plz
10 Unit Apartment Building $1,430,412 CAD ($143,041 CAD/Unit) 8.14% Cap Rate Belle Glade, FL 33430
Investment Highlights
- Area in need of the affordable housing.
Executive Summary
10 Units newly renovated. Renovations included new flooring, new electrical and plumbing fixtures, new kitchen cabinets, and bathrooms new appliances, new AC units, fresh interior and exterior paint, new grounds and a new roof. Belle Glade's main industry agriculture is being joined by other industries that have found a robust labor pool, and it is within an hour of less to major businesses and population centers across Southern Florida. The region's largest employers are US Sugar, Florida Crystal, Sugar Cane Growers Cooperative of Florida, Lakeshore Hospital to name a few.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,430,412 CAD | Apartment Style | Low Rise |
| Price Per Unit | $143,041 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8.14% | Building Size | 3,960 SF |
| Gross Rent Multiplier | 9.33 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,430,412 CAD |
| Price Per Unit | $143,041 CAD |
| Sale Type | Investment |
| Cap Rate | 8.14% |
| Gross Rent Multiplier | 9.33 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2023 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Range
Site Amenities
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,287 CAD | 396 |
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PROPERTY TAXES
| Parcel Number | 04-37-43-31-01-030-0690 | Total Assessment | $277,468 CAD (2023) |
| Land Assessment | $0 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
04-37-43-31-01-030-0690
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$277,468 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | R3 (Residential (up to 34.8 du/ac)) |
| R3 (Residential (up to 34.8 du/ac)) |
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656 SW Avenue C Plz
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