460 Cypress Avenue

Pahokee, FL 33476

$420,000
Price
Beds
Baths
2,208 Sq. Ft.
$190 / Sq. Ft.
2,208
Sq. Ft.
$190
per Sq. Ft.

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...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.
  1. Listed by Jeahnny Rendon • Belhouse Real Estate, LLC

Property Details for 460 Cypress Avenue

Subdivision
RIDGEWAY BEACH
Style
Fourplex
Waterfront
No
Area
5560
Geographic Area
Palm Beach 5460; 5470; 5480; 5490
Auction
No
Total Units
4
Num Stories
1
LISTING UPDATED: 01/23/2025 10:00 AM

Property Details for 460 Cypress Avenue

StatusActive
MLS #A11719429
Days on Market62
Taxes$6,669 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1962
Lot Size-
CountyPalm Beach County

Building Information for 460 Cypress Avenue

Stories-Residences4Year Built1962Building Size-Lot Size-

Property Information for 460 Cypress Avenue

Location Information
Location Information
  • Parcel Number Free Text: 48374218180340040
  • Parcel Number MLX: 0040
  • MLS Area: 5560
  • Municipal Code: 48
  • Township Range: 48
  • Section: 18
  • Subdivision Number: 18
  • Subdivision Complex Bldg: RIDGEWAY BEACH
  • Unit Count: 4
  • Zoning Information: MF12 (ci
General Information
Parking
  • Num Parking Spaces: 5
General Information
  • Property Type Information: Detached
  • Lot Description: Other Lot Description
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: No
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Other Rent Incl
Financial Information
Financial Information
  • Total Mortgage: $211,000
  • Type of Association: None
  • Flood Zone: AE
  • Tax Year: 2023
  • Tax Information: Tax Reflects No Exemptions
  • Special Information: As Is
  • Information Available: Copy Of Lease(S), Other Available Information

Property History for 460 Cypress Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 460 Cypress Avenue

Taxable ValueLand$38,323Additions$254,307Total$292,630
Tax Record2024$6,669 ($556 / month)
Home Facts
Baths3.5Total Finished SqFt2,208 SqFtAbove Grade Finished SqFt2,208 SqFtStories1Lot Size15,163 SqFtStyleQuadraplexYear Built1962Year Renovated1996ZoningMF12CountyPALM BEACHAPN48-37-42-18-18-034-0040

Schools near 460 Cypress Avenue

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Charter - 8 to 12
Charter - K to 8
Rating
School
Distance
Pahokee Elementary School
PublicPK to 5

Pahokee Middle-Senior High School
Public6 to 12

Everglades Preparatory Academy
Charter8 to 12

Glades Academy Elementary School Inc
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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460 Cypress Avenue is a multi-family home for sale in Pahokee, FL 33476. This property was listed for sale on January 8, 2025 by Belhouse Real Estate, LLC, it's currently listed at $420,000. It has been on the market for a total of 62 days and was last sold on June 3, 2022. This listing's school district is Palm Beach. Nearby schools include Pahokee Elementary School, Pahokee Middle-Senior High School and Everglades Preparatory Academy. 460 Cypress Avenue is a 0-bed, 0-bath, 2,208 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Belhouse Real Estate, LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.