733 Dr Martin Luther King Jr Blvd W - Apartments FOR SALE


Belle Glade, FL 33430
$2,390,000 USD
561-866-6399
733 Dr Martin Luther King Jr Blvd W, Belle Glade, FL for Sale
$2,390,000 USD
Apartments - FOR SALE
1/34
null | 9.02% Cap Rate

733 Dr Martin Luther King Jr Blvd W
Belle Glade, FL 33430


HIGHLIGHTS

  • Fully Renovated, Turnkey 30-Unit Asset
  • Below-Market Rents = Strong Value-Add Play
  • Low Operating Costs – Individually Metered Utilities
  • New Roofs, Plumbing, Electrical = Reduced CapEx
  • Strong Cash Flow with Immediate Upside
  • Located in an Opportunity Zone – Major Tax Incentives

OVERVIEW

Investment Overview A rare opportunity to acquire a fully renovated 30-unit multifamily property, individually metered for water and electric, located in Belle Glade, one of Palm Beach County’s most supply-constrained and high-demand rental submarkets. Situated within a federally designated Opportunity Zone, this property offers an attractive combination of stable income, strong value-add potential, and long-term tax advantages, making it an excellent addition to any real estate portfolio. Property Highlights Individually metered water and electric — reducing ownership expenses and simplifying utility management Fully renovated in 2020 with a new roof, PVC plumbing, and impact windows throughout Completed 40-Year Building Inspection, confirming full compliance with current building and safety standards 100% occupied, with current rents approximately 20–25% below market, offering significant upside through rent adjustments and operational optimization Investment Summary This stabilized, turnkey, income-producing multifamily asset delivers both immediate cash flow and long-term appreciation potential. Located in one of Palm Beach County’s most active redevelopment corridors, it represents an ideal investment for both experienced operators and new entrants seeking a low-maintenance, high-yield property in a growing Florida market.

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

30

PRICE/UNIT

$79,667

CAP RATE

9.02%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3

APN/PARCEL ID

04-37-43-31-01-030-1020

ASK ABOUT THIS PROPERTY

Jason SouwedPalm Beach Property Buyers LLCMore Info
561-866-6399

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Jason SouwedPalm Beach Property Buyers LLCMore Info
561-866-6399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.