South Florida
Closed
Ridgeway Beach, 460 Cypress Ave, Pahokee, FL 33476
420,000(-2.38% )
$410,000Price
2,208SqFt
Save
Details
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Status:
Sold - Apr 28, 2025
Size: 2,208 SqFt (205 m2)
Price: $186/SqFt ($1,999/m2)
Type: Multi Family
Built: 1962
MLS Number: A11719429
On Site: 205 Days
Updated: 95 Days ago
Page Views: 0
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.
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
Price History
04/28/2025
Date
Sold
Event
$410K
Price
-2.38%
Change Rate
$186 ft2 / $1,999 m2
Price Per
01/07/2025
Date
Listed
Event
$420K
Price
$190 ft2 / $2,048 m2
Price Per
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 .
Instant Comps
$100/ft²
$100/ft²
$200/ft²
$300/ft²
Unit 460 Cypress Ave – Asking
$186/ft²
(+9%) from Closed Medium $/ft²
Closed Medium $/ft²
$170/ft²
Community $/Price Range (Closed) $128/ft² – $186/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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