- $2,150,000
Description
Exceptional opportunity to acquire a renovated 30-unit multifamily apartment building in Belle Glade, Palm Beach County. Originally built in 1959 and extensively renovated in 2021, the property features a new roof, impact-resistant windows and doors, updated PVC plumbing, new electrical panels, and numerous interior and exterior improvements. Situated on approximately 0.51 acres, this income-producing asset offers investors a well-maintained apartment community in a high-demand rental market. Conveniently located near shopping, schools, public transportation, major employers, and US-98/SR-80, with easy access to Florida’s Turnpike. A turnkey multifamily investment with significant recent capital improvements in one of Palm Beach County’s established rental markets Showings by appointment only. Do not disturb tenants or enter the property without prior authorization. Proof of funds or lender pre-approval is required before scheduling a tour. Financial information, rent roll, operating statements, and due diligence materials are available upon request after seller approval and, if required, execution of a confidentiality agreement. Buyer and buyer’s broker are responsible for independently verifying all information, including income, expenses, dimensions, zoning, permits, and intended use. Property tours are by appointment only.
Address
Open on Google Maps-
Address: Dr M.l.k. Jr
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City: Belle Glade
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State/county: Palm Beach
Details
Updated on August 9, 2026 at 5:57 pm-
Property ID B26046401
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Price $2,150,000
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Land Area 0.51 Sq Ft
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Year Built 1959
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Type Multi Family
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Property Status Commercial Sale
Additional details
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BuildingAreaSource Appraiser
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BuildingAreaTotal 14550
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CLIP 8101963584
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ConstructionMaterials Block
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ContractStatusChangeDate 2026-06-28
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Cooling Central Air
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CumulativeDaysOnMarket 43
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CurrentPrice 2150000
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DaysOnMarket 43
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DaysOnMarketReplication 43
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DaysOnMarketReplicationDate 2026-08-09
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DaysOnMarketReplicationIncreasingYN 1
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Directions From West Palm Beach, take Southern Blvd. (US-98/SR-80) west to Belle Glade. Continue into downtown Belle Glade, turn left onto Main Street, then right onto Dr. Martin Luther King Jr. Blvd. W. Property is on the left.
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DistanceToFreewayNumeric 30
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DocumentsAvailable Lease, Site Plan, Survey
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DocumentsCount 0
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FinancialDataSource Owner
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Flooring Tile, Wood
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GrossIncome 252336
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GrossScheduledIncome 252336
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Heating Central
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InsuranceExpense 25050.48
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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LeasableArea 14450
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Levels Three Or More
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ListAOR BeachesMLS
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ListAgentAOR BeachesMLS
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ListAgentDirectPhone 561-866-6399
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ListAgentEmail h.souwed@gmail.com
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ListAgentFirstName Jason
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ListAgentFullName Jason Souwed
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ListAgentKey 26724338
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ListAgentKeyNumeric 26724338
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ListAgentLastName Souwed
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ListAgentMlsId 278044333
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ListAgentNationalAssociationId 278044333
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ListAgentOfficePhone 561-866-6399
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ListAgentPreferredPhone 561-866-6399
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ListAgentStateLicense 3291390
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ListOfficeAOR BeachesMLS
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ListOfficeKey 5917847
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ListOfficeKeyNumeric 5917847
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ListOfficeMlsId 276822800
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ListOfficeName Palm Beach Property Buyers LLC
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ListOfficePhone 561-866-6399
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-06-27
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ListingKey 1176181030
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ListingKeyNumeric 1176181030
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ListingService Limited Service
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ListingTerms Cash, Conventional, 1031 Exchange, Owner Will Carry, Private Financing Available
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LotSizeArea 22215
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MLSAreaMajor 5560
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MaintenanceExpense 10725
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MajorChangeTimestamp August 9, 2026 at 01:37pm
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MajorChangeType Price Change
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MapCoordinateSource Imported
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MlsStatus Active
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MobileDimUnits Feet
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ModificationTimestamp August 9, 2026 at 05:38pm
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NetOperatingIncome 193976.21
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NumberOfBuildings 2
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NumberOfSeparateElectricMeters 30
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NumberOfSeparateWaterMeters 28
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NumberOfUnitsTotal 30
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OccupantType Tenant
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OnMarketDate 2026-06-29
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OnMarketTimestamp 2026-06-29T00:00:00.000-00:00
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OpenHouseModificationTimestamp 2026-08-09T13:37:03.983-00:00
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OperatingExpense 58359.79
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OriginalEntryTimestamp June 28, 2026 at 10:21pm
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OriginalListPrice 2250000
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OriginatingSystemID M00000170
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OriginatingSystemKey 612957597
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OriginatingSystemListAgentMemberKey 1268016
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OriginatingSystemListOfficeKey 305609412
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OriginatingSystemModificationTimestamp 2026-08-09T13:37:03.983-00:00
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OriginatingSystemName BEACH
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OriginatingSystemSubName BEACH_BEACH
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OwnershipType Limited Partnership
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ParcelNumber 04374331010301020
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ParkingFeatures Accessible Parking, Common, Free Parking, On Street
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ParkingTotal 30
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Permission IDX
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PhotosChangeTimestamp August 9, 2026 at 05:38pm
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PhotosCount 9
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Possession Close Of Escrow
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PostalCity Belle Glade
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PreviousListPrice 2250000
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PriceChangeTimestamp August 9, 2026 at 01:32pm
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PropertyCondition Resale, Updated/Remodeled
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PropertySubTypeAdditional Multi Family
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Roof Tar/Gravel
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SecurityFeatures None, Smoke Detector(s)
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Sewer Public Sewer
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SourceSystemID TRESTLE
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SourceSystemKey 1176181030
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SourceSystemName flexmls
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SpecialListingConditions Standard
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StateOrProvince FL
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StatusChangeTimestamp June 28, 2026 at 10:21pm
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Stories 3
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StoriesTotal 3
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StreetDirSuffix W
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StreetName Dr M.l.k. Jr
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StreetNumber 733
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StreetNumberNumeric 733
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StreetSuffix Boulevard
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TaxAnnualAmount 18678
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TaxLegalDescription 31-43-37, SUB BY STATE SURVEY W 85 FT OF E 580 FT OF S 84.85 FT OF N 1294.85 FT OF LT 30 /LESS S 10 FT SR R/W/
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TaxYear 2025
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UniversalPropertyId US-12099-N-04374331010301020-R-N
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Utilities Electricity Available, Sewer Connected, Water Available
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VideosCount 0
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WaterSource Multiple Meters, Public
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Zoning R-3
Features
Overview
- Multi Family
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees
Schedule a Tour
Contact Information
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