BELLE GLADE PROPERTIES INC 11-units portfolio.

About this listing

BELLE GLADE PROPERTIES INC 11-units portfolio.
425 Easy Ave A, Belle Glade Florida 33430 Belle Glade, FL 33430
PROPERTY DESCRIPTION Portfolio consists of 4 buildings all within 1-2 miles within each other. Also included in the portfolio a vacant lot adjacent to the single family house, could be developed for additional units and income. The following is the building breakdown and units count. 1- 632 W AVENUE A 1 Belle Glade, FL 33430 (4-units) Built 1970 Parcel Control Number 04-37-43-31-01-030-0020 2- 425 E AVENUE A 1 Belle Glade, FL 33430 (3-units) Built 1964. Parcel Control Number 04-37-43-32-00-000-8360 3- 409 SW 2ND ST Belle Glade, FL 33430 (single family house) Built 1958. Parcel Control Number 04-37-43-31-08-000-1290 4- SW AVENUE D BELLE GLADE FL 33430 (Vacant lot) Parcel Control Number 04-37-43-31-08-000-1280 5- 654 SW 1ST ST BELLE GLADE FL 33430 (3-units) Built 1965 Parcel Control Number 04-37-43-42-01-006-0260

PROPERTY HIGHLIGHTS 11-unit Portfolio BELLE GLADE PROPERTIES INC ready for new ownership and new infusion of capital improvement (CAP-X) in order to bring rents up to market. Subject properties first time available for sale over a decade. Rents are below market, approximately 55%+/-, below market. New investors could achieve double digit returns, cash on cash return by implementing a value add business plan, in order to capitalize in the strong rental market. There is a high demand in the area for quality housing. Tenants Currently Pay for Water, Sewer, & Trash. The Investment consists Of (2) One Bedroom, One Bathroom. (8) Two Bedroom, One Bathroom And. (1) Three Bedrooms, One Bathroom. Building details. Triplex Located at 642,648,654 SW 1st Street Belle Glade Florida 33430. This building is a triplex with CBS Construction Slab on Grade New 50-year Metal roof replaced in 2019. Triplex Located at 425 Easy Ave A, Belle Glade Florida 33430. This Building is CBS construction Slab on Grade with a new 50-year metal roof replaced in 2019. Single Family home Located at 409 SW 2nd street Belle Glade Florida 33430. This is CBS Construction slab on grade with a new 50-year metal roof installed in 2020. Central A/C. Well maintained property. Quadruplex unit located at 632 SW Ave A Belle Glade Florida 33430. This building is CBS Construction Slab On grade with a new 30-year shingle roof installed in 2016.