ONLINE AUCTION EVENT | JUNE 12TH | AT 11 AM ET

43 Unit Apartment Building and 2 Commercial Units

417 SW 6th Street, Belle Glade, Florida 33430

Fisher Auction Company is pleased to present via an Online Auction Event a 43 Unit Multifamily Apartment Building with Retail and Commercial Space in Belle Glade, Florida.

PROPERTY HIGHLIGHTS

• Prime Investment Property with 43 Apartments and a Retail /Commercial Building

• Units and Building have been recently renovated and consist of 1,2 and 3 Stories

• Close Proximity to Lake Okeechobee and Wildlife Sanctuaries

• Central Location to Employment Centers with attractive commute times that include 1 Hour to West Palm Beach, 1.5 Hours to Miami and 1.45 Hours to Fort Myers

• Major Air Travel is located within 1 Hour to Palm Beach International Airport

• Perfect Investment with good monthly gross and above average occupancy

• Palm Beach County is experiencing Rising Job Growth, a Healthy Jobs Market and Steady Residential Construction

• Belle Glade has easy access to main transportation networks in the South Florida metropolitan area. The city has a stable economy supported by the manufacturing, retail, and healthcare sectors.

PROPERTY DETAILS

• Address: 417 Southwest 6th Street, Belle Glade, Florida 33430

• Location: Northeast Corner of SW 6th Street and Dr. MLK Blvd

• Directions: From US Highway 27 go East on E Palm Beach Road. Continue to Dr MLK Blvd. Turn left and proceed to SW 6th Street. Property is on the Northeast Corner

• Access: SW 6th Street, SW Avenue E and SW 5th Street

• Building Size: 17,556± Gross Square Feet. 16,720± Rentable Square Feet

• Land Area: 20,473± Square Feet / .47± Acres

• Current Use: 43 Multifamily Rental Apartments and Retail and Office Lease

• Construction: Concrete Masonry Construction, Single Pane Aluminum Windows, Built-Up Tar & Gravel Roofing

• HVAC: Window Units

• Year Built: 1957, Recent Renovations

• Frontage: 75± Feet along SW 6th Street and SW 5th Street and 275± Feet along Dr MLK Blvd

• Zoning: B-2, Business District. See the Zoning Section for Permitted Uses and Building Requirements

• Taxes: 2024 Total - $29,613.00

• Parcel Control No.: 04-37-43-31-15-002-0010

• Flood Zone: Zone X

• Utilities: Individually Metered Municipal Water and sewer (Tenant Pays)

• Electric: Individually Metered Units (Tenant Pays)

• Parking: 19 Surface Parking Spaces

• Unit Mix: 24 Efficiencies | 19 One Bedroom Units

• Unit Size: Efficiencies - 330± SF | One Bedroom Units - 400± SF

• Commercial Building: Two Units totaling 1,200± SF

UNIT MIX

Unit Type - Studio | Area - 330± SF | Total Count - 24 | Total Area - 7,920± SF

Unit Type - 1 BR, 1 BA | Area - 400± SF | Total Count - 19 | Total Area - 7,600± SF

Unit Type - Commercial Units | Area - 600± SF | Total Count - 2 | Total Area - 1,200± SF

AUCTION DATE | TIME;

Begins - Thursday, June 12, 2025 @ 11:00 AM ET Ends - Thursday, June 12, 2025 @ 1:00 PM ET

(Subject to Time Extensions)

ONLINE AUCTION ONLY:

The Online Auction will be held on Fisher Auction’s Exclusive Bidding Platform - Bid.Fisherauction.com

PROPERTY TOURS:

Please Contact: Francis D. Santos at Francis@fisherauction.com | 754.220.4116 for Scheduled Tour Dates

AUCTION METHOD

The Final Bid Price for the Property shall be determined by competitive bidding at the Auction. The Property is being sold to the Highest and Successful Bidder at or above a bid price of $1,500,000.00 plus the seven percent (7%) Buyer’s Premium, subject to the terms and conditions of the Governing Documents.

QUALIFYING BIDDER REQUIREMENTS

Please contact our office for the Bidder Registration Instructions Registration Package

BROKER PARTICIPATION

2% of the Final Bid Price. Contact our office or visit www.fisherauction.com for the Mandatory Real Estate Buyer Broker Participation Registration Form.