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.
Sold for $410,000 on 04/28/25
$410,000
460 Cypress Ave, Pahokee, FL 33476
8beds
4baths
2,208sqft
Quadruplex
Built in 1962
-- sqft lot
$506,600 Zestimate®
$186/sqft
$1,079 Estimated rent
Home value
$506,600
$441,000 - $578,000
$1,079/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 29, 2025 at 01:27pm
Listed by:
Jeahnny Rendon 786-241-6882,
Belhouse Real Estate, LLC
Bought with:
Karel Lens, 3539877
Kesk Global Realty
Source: MIAMI,MLS#: A11719429
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Terrazzo
Interior area
- Total structure area: 2,558
- Total interior livable area: 2,208 sqft
Property
Parking
- Total spaces: 5
Features
- Stories: 1
Lot
- Features: Other
Details
- Parcel number: 48374218180340040
- Zoning: MF12 (ci
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Other
- Roof: Shingle
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Pahokee
- Subdivision: Ridgeway Beach
Other
Other facts
- Listing terms: All Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2025 | Sold | $410,000-2.4%$186/sqft |
Source:  MIAMI #A11719429 | ||
| 4/14/2025 | Pending sale | $420,000$190/sqft |
Source: MIAMI #A11719429 | ||
| 1/10/2025 | Listed for sale | $420,000+16.7%$190/sqft |
Source: MIAMI #A11719429 | ||
| 6/3/2022 | Sold | $360,000-5.3%$163/sqft |
Source: MIAMI #A11114045 | ||
| 10/20/2021 | Listed for sale | $380,000+153.3%$172/sqft |
Source: MIAMI #A11114045 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,669 +11.9% | $264,377 +10% |
| 2023 | $5,960 +58.2% | $240,343 +71.8% |
| 2022 | $3,767 +9% | $139,911 +10% |
Find assessor info on the county website
Neighborhood: 33476
Nearby schools
GreatSchools rating
- 7/10Pahokee Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Pahokee Middle-Senior High SchoolGrades: 6-12Distance: 0.7 mi
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Sell for more on Zillow
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$506,600
2% more+ $10,132
With Zillow Showcase(estimated)
$516,732