Ridgeway Beach Multifamily Homes Sold

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.