FL > Pahokee > Ridgeway Beach
Pahokee, FL 33476,460 Cypress Ave
Pahokee, FL 33476,460 Cypress Ave
Pahokee, FL 33476,460 Cypress Ave
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$420,000
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2,208 SqFt
Active

460 Cypress Ave Pahokee, FL 33476

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Hector Chinea

Hector Chinea

+1(786) 236-4268

UPDATED:

01/13/2025 02:08 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,208 sqft

Price per Sqft $190

Subdivision Ridgeway Beach

MLS Listing ID A11719429

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1962

Annual Tax Amount $6,669

Tax Year 2023

Property Description

DO NOT DISTURB TENANTS! This 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 $10,600. 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.

Location

State FL

County Palm Beach

Community Ridgeway Beach

Area 5560

Interior

Heating Central

Cooling Central Air

Flooring Terrazzo

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Shingle

Total Parking Spaces 5

Building

Lot Description Other

Story 1

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories One

Structure Type Other

Construction Status Resale

Others

Tax ID 48374218180340040

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Listed by Belhouse Real Estate, LLC

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agent

Hector Chinea

Agent | License ID: 3285396

+1(786) 236-4268

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460 Cypress Ave