$410,000
$420,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
460 Cypress Ave Pahokee, FL 33476
2,208 SqFt
Key Details
Sold Price $410,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $185
Subdivision Ridgeway Beach
MLS Listing ID A11719429
Sold Date 04/28/25
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1962
Annual Tax Amount $6,669
Tax Year 2023
Contingent Other
Property Sub-Type Quadruplex
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.
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
Private Pool No
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
Financing Conventional
Special Listing Condition Listed As-Is
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Bought with Kesk Global Realty