460 Cypress Ave ,Detached, Quadruplex, Ridgeway Beach for Sale

460 Cypress Ave for Sale

Price $420,000.00

• Lot size 2558
• Year Build 1962
• Waterfront
• Zip 33476
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

DO NOT DISTURB TENANTS! This 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 $10,600. 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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11719429 Leases ending as follows: 478 Cypress Ave: March 31, 2025 464 Cypress Ave: April 7, 2025 472 Cypress Ave: July 28, 2025 460 Cypres ave feb 3 ,2026

RIDGEWAY BEACH N 105.38 FT OF S 225.75 FT OF E 147.55 FT OF W 172.55 FT OF TR 34 (LESS S 34.63 FT OF E 11.12 FT)

Other Lot Description

DO NOT DISTURB TENANTS! This 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 $10,600. 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.

City:Pahokee,Zoning:MF12 (ci,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:26.8172014,Cooling Y N:1,Heating Y N:1,List Price:420000,Listing Id:A11719429,Longitude:-80.6620436,Mls Status:Active,Year Built:1962,Living Area:2208,Postal Code:33476,Street Name:Cypress Ave,Coordinates:1:26.8172014,Photos Count:12,Building Name:RIDGEWAY BEACH,Days On Market:5,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:5560,M L S Area Major:Ridgeway Beach,On Market Date:2025-01-08,Parcel Number:48374218180340040,Parking Total:5,Property Type:Residential Income,Stories Total:1,Street Number:460,M I A M I R E_ Style:Fourplex,Public Remarks:DO NOT DISTURB TENANTS! This 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 $10,600. 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.,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,List Office Name:Belhouse Real Estate, LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1940,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:RIDGEWAY BEACH,Tax Annual Amount:6669,Unparsed Address:460 Cypress Ave, Pahokee FL 33476,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2558,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:190.2174,Original List Price:420000,Public Survey Range:48,Documents Available:1:Other Available Information,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:DO NOT DISTURB TENANTS! This 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 $10,600. 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.,Listing Contract Date:2025-01-08,Originating System I D:miamire,Public Survey Section:18,Showing Instructions:Call Listing Agent,Showing Assist,Street Number Numeric:460,Tax Legal Description:RIDGEWAY BEACH N 105.38 FT OF S 225.75 FT OF E 147.55 FT OF W 172.55 FT OF TR 34 (LESS S 34.63 FT OF E 11.12 FT),Public Survey Township:48,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2306,M I A M I R E_ Internet Remarks:DO NOT DISTURB TENANTS! This fourplex offers a strong approximate cap rate of 8.75% with potential growth up to 10%,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-01-08,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:190.22,