Property Description
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.
Features
: Central
: Central Air
: 5
: Terrazzo
: Other Lot Description
: Shingle
: Public Sewer
Address Map
FL
Palm Beach County
Pahokee
33476
460 Cypress Ave
RIDGEWAY BEACH
0
W81° 20' 16.6''
N26° 49' 1.9''
RIDGEWAY BEACH
MLS Addon
: Detached
: Other
15
: All Cash, Conventional
4
: Other Rent Incl
1
: Quadruplex, Fourplex
$6,669
2023
MF12 (ci
Residential Income For Sale
460 Cypress Ave, Pahokee, Florida 33476
2,208 Sqft
$420,000
Listing ID #A11719429
Basic Details
Property Type : Residential Income
Property SubType : Quadruplex
Listing Type : For Sale
Listing ID : A11719429
Price : $420,000
Square Footage : 2,208 Sqft
Year Built : 1962
Building Area : 2,558 Sqft
Status : Active
