DO NOT DISTURB TENANTS! AS IS. his fourplex offers a strong approximate cap rate of 8.75% with potential growth up to 10%. Each unit is a 2/1 rented at $950/month, including one unit on Section 8. Annual expenses include $6,600 in taxes, $1,000 for landscaping, and $3,000 for miscellaneous costs, totaling $11,600. Net annual income is approximately $35,000 after expenses. Zoning information and the potential to build additional units, as permitted by the City of Pahokee, are included. Don’t miss this chance to invest in a property with steady income and growth potential! No contingency to appraisal.
Property Details
Price:
$420,000
MLS #:
A11719429
Status:
Pending
Beds:
0
Baths:
0
Address:
460 Cypress Ave
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
RIDGEWAY BEACH
Neighborhood:
Ridgeway Beach
City:
Pahokee
Listed Date:
Jan 8, 2025
State:
FL
Finished Sq Ft:
2,558
Total Sq Ft:
2,558
ZIP:
33476
Year Built:
1962
Units:
4
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Cooling
Central Air
Flooring
Terrazzo
Heating
Central
Exterior
Architectural Style
Detached
Construction Materials
Other
Parking Spots
5
Roof
Shingle
Financial
Tax Year
2023
Taxes
$6,669
Map
Community
- Address460 Cypress Ave Pahokee FL
- SubdivisionRIDGEWAY BEACH
- CityPahokee
- CountyPalm Beach County
- Zip Code33476
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460 Cypress Ave
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