460 Cypress Ave, , 33476

  • $420,000

Listing UP for Sale

Overview

Property ID: A11719429
  • Property Type
  • Quadruplex
  • 2208
  • sqft
  • 1962
  • Year Built

Description

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.

  • Address 460 Cypress Ave
  • State/county Florida
  • Zip/Postal Code 33476
  • Area Palm Beach County

Details

Updated on January 23, 2025 at 3:27 pm
  • Property ID: A11719429
  • Price: $420,000
  • Property Size: 2208 sqft
  • Year Built: 1962
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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