688 SW 6th St

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688 SW 6th St

Belle Glade, FL 33430
Asking Price
$395K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for acquisition in Belle Glade
  • Priced at 395000 dollars for the residential asset
  • Located within the central region of Palm Beach County
  • Property represents a viable opportunity for residential real estate investors
  • Asset type provides direct access to the local housing market

What's Special

This multifamily apartment building at 688 SW 6th St in Belle Glade, Florida, is currently listed for sale and presents a clear investment option for those seeking to expand their residential portfolio. Situated in the heart of the Palm Beach County region, the property benefits from a location that serves the growing agricultural and regional labor force. The local economy in this area remains steady, supported by consistent demand for workforce housing in a market that remains essential to Florida's central inland infrastructure. Investors looking for an income-generating asset will find the site well-positioned for traditional apartment operations. Given the layout and common asset class standards within this market, the building is suitable for long-term residential leasing strategies. Its proximity to regional transportation routes allows for efficient management and access, making it a functional addition to a diversified real estate collection.

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NOI
$80,000
Cap Rate
20.25%
DSCR
3.41
Strong
Cash-on-Cash
47.72%
Monthly Payment
$1,954.244
Annual Cash Flow
$56,549.066

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