Ridgeway Beach Real Estate

Pahokee, FL 33476 | View (1) other subdivisions in Ridgeway Beach

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$420,000

Ridgeway Beach

460 Cypress Ave, Pahokee, FL 33476

MLS# A11719429

N/A

Beds

N/A

Baths

2,208

SqFt

0.0%

N/A

Garage

$190

$/SqFt

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.

Belhouse Real Estate, LLC

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