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Multifamily in Pahokee, FL 33476Ridgeway Beach, 460 Cypress Ave
Closed
Beds
2,208
SqFt$186
$/SqFtSold - Apr 28, 2025
Entry-Level Multifamily
Built in 1962
Fourplex
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.
MLS Number: A11719429
On Site: 641 Days
Updated: 46 Days ago
Page Views: 0
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Terrazzo
- Year Built: 1962
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2025-01-09T19:31:21.000-00:00
Taxes, Fees & More
- Taxes: 6669
Apples-to-Apples Comparables
Price History
Current
$410K
High
$420K
Low
$410K
Total Change
-2.4%Date
Event
Price
Change
Price Per
04/28/2025
Sold
$410K
-2.38%$186 ft2
$1,999 m2
01/07/2025
Listed
$420K
$190 ft2
$2,048 m2
04/28/2025
$410K
Event
Sold
Change
-2.38%Price Per
$186 ft2
$1,999 m2
01/07/2025
$420K
Event
Listed
Price Per
$190 ft2
$2,048 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Jeahnny Rendon • Belhouse Real Estate, LLC • Buyer Agency Compensation .
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Scores
30
100
44
100
71
100
0
100
37
100
0
100
Community Snapshot
$150K – $159K
Price Tier
1,017 - 2,930
SqFt Range
1962
Year Build
1
Total Floors
Subdivision Amenities
Boating
None
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Ridgeway Beach Communities in Pahokee, FL
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Entry-Level 1
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