Prime Value-Add Multifamily Investment Opportunity 733 Dr. Martin Luther King Jr. Blvd W, Belle Glade, FL Only 20% Down with DSCR Loan | Located in an Opportunity Zone Investment Overview A rare chance to acquire a fully renovated 30-unit multifamily property in Belle Glade, FL — a rapidly growing and supply-constrained submarket of Palm Beach County. Renovated in 2020 and located in a federally designated Opportunity Zone, this turnkey asset offers a blend of immediate income, value-add upside, and potential tax advantages. Whether you're a seasoned investor or new to multifamily real estate, this property delivers strong returns and long-term growth. Property Snapshot Units: 30 (19 x 1BR, 11 x 2BR) Building Size: ±7,920 SF Lot Size: ±0.17 acres Zoning: R-3 (Multi-Family Residential) Year Built: 1965 | Renovated: 2020 Cap Rate: 8.66% (As-Is) Current ROI: ~7% with room to grow Opportunity Zone: Yes Parking: 6 on-site spaces + additional nearby lot (included) Recent Upgrades (2020 Renovation) Modern kitchens with updated cabinetry and countertops Renovated bathrooms with stylish fixtures Durable vinyl plank flooring throughout Fresh interior & exterior paint Replaced plumbing & updated electrical systems New roofs on both buildings Individually metered electric & water Central A/C in each unit These upgrades lower maintenance costs and attract quality tenants. Rental & Income Potential 1BR Units: $575/month 2BR Units: $650/month All Units Individually Metered – Tenants pay own utilities Below-Market Rents: Significant upside by adjusting rents to market level or implementing Section 8 leasing Projected Income Growth: 20–30% through rent increases or government-assisted housing programs Investment Highlights Fully Renovated, Turnkey 30-Unit Asset Below-Market Rents = Value-Add Upside Individually Metered Utilities = Reduced Owner Expenses New Roofs, Plumbing, Electrical – Low Capital Reserve Needs 8.66% Cap Rate – Strong Returns from Day One Only 20% Down – DSCR Loan Eligible Located in Opportunity Zone – Potential Tax Benefits High Rental Demand in a Tight Market Opportunity Zone Benefits Investors may qualify for the following tax incentives: Capital Gains Tax Deferral Step-Up in Basis (5–7 Years Holding) Tax-Free Gains after 10+ years of holding through a QOF (Qualified Opportunity Fund) These incentives significantly enhance returns, especially when paired with this property’s income growth potential. Belle Glade Market Snapshot Low Vacancy Rates – High tenant retention Stable, Working-Class Tenant Base Rising Market Rents – Limited new supply High Demand for Section 8 – Reliable cash flow potential Infrastructure Investment – Market growth backed by state & local initiatives Belle Glade is emerging as a strategic pocket for affordable housing investment in South Florida. Ideal Investment Strategies Buy & Hold – Enjoy steady cash flow and appreciation Rent Repositioning – Lift NOI by bringing rents to market Section 8 Leasing – Stabilize income with government-backed rent Cost Segregation & Depreciation – Optimize tax strategy Opportunity Fund Vehicle – Maximize capital gains advantages Why This Property Stands Out Income-Producing Day One – Plug-and-Play Asset Low Entry Barrier – 20% Down with DSCR Financing Upside Potential – Rents Far Below Market Tax Shield – Located in an Opportunity Zone Rare Find – 30-Unit Inventory Is Scarce in Palm Beach County Schedule a Tour or Request a Full Financial Package This is a high-performing, rare multifamily asset in an appreciating market with built-in upside and tax benefits. Email us or call today for full financials, rent roll, and to schedule a private showing.