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460 Cypress Ave Property Highlights
*Est.: $2,080/mo Get pre-qualified- MLS# : A11719429
- Listing Type : Residential Income
- Total Area : 2558 sqft ($165/sqft)
- Year Built : 1962
- Status : Closed
- Living Area : 2208 sqft ($191/sqft)
- Subdivision : RIDGEWAY BEACH
- Days on Market : 606
Property Details
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.
General Information
- Cooling: Central Air
- Flooring: Terrazzo
- Lot Description: Other
- Utilities: Cable Not Available
- Design: Fourplex
- Heating: Central
- Roof: Shingle
- Total Building Sqft: 2558
Fees and Taxes
- Tax Amount: $6,669
- Tax Year: 2023
Listing Courtesy of Jeahnny Rendon Belhouse Real Estate, LLC.
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