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.

Ridgeway Beach, 407 Rardin Ave, Pahokee, Florida 33476, image 1

Sold - Apr 21, 2025

$100,000

1.18 Acres
$84,746/Acre

Land sold in Ridgeway Beach407 Rardin Ave, Pahokee, FL 33476

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N/ABedrooms

N/APrice Range

N/ASqFt Range

1962Year Build

1Total Floors

N/ATotal Units

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Subdivision Amenities

Boating

None

Scores

Walk Score^®

Car-Dependent. Most errands require a car.

100

Transit Score^®

No data.

N/A

Bike Score^®

Somewhat Bikeable. Minimal bike infrastructure.

100

Sound Score^®

No data.

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