460 Cypress Ave Pahokee, FL 33476
Estimated payment $2,900/month
Highlights
- No HOA
- Central Heating and Cooling System
- 1-Story Property
- Terrazzo Flooring
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,669
Year Built
- Built in 1962
Parking
- 5 Parking Spaces
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 2,208 Sq Ft Home
- 1-Story Property
- Terrazzo Flooring
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 4 Units
- Ridgeway Beach Condos
- Ridgeway Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number 48374218180340040
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,669 | $264,377 | -- | -- |
| 2023 | $5,961 | $240,343 | $38,323 | $202,020 |
| 2022 | $3,767 | $139,911 | $0 | $0 |
| 2021 | $3,455 | $127,192 | $27,540 | $99,652 |
| 2020 | $3,293 | $119,736 | $27,000 | $92,736 |
| 2019 | $3,493 | $131,328 | $27,000 | $104,328 |
| 2018 | $3,107 | $113,053 | $27,386 | $85,667 |
| 2017 | $3,054 | $109,481 | $23,814 | $85,667 |
| 2016 | $3,252 | $115,572 | $0 | $0 |
| 2015 | $3,323 | $115,572 | $0 | $0 |
| 2014 | $3,169 | $107,318 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Pending | -- | -- | -- |
| 01/08/2025 01/08/25 | For Sale | $420,000 | +16.7% | $190 / Sq Ft |
| 06/03/2022 06/03/22 | Sold | $360,000 | -5.3% | $163 / Sq Ft |
| 10/20/2021 10/20/21 | For Sale | $380,000 | -- | $172 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $360,000 | David A Coven Pa | |
| Warranty Deed | $150,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $211,000 | New Conventional | |
| Previous Owner | $27,700 | Seller Take Back | |
| Previous Owner | $17,800 | Credit Line Revolving | |
| Previous Owner | $110,000 | Stand Alone First |
Source: MIAMI REALTORS® MLS
MLS Number: A11719429
APN: 48-37-42-18-18-034-0040
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