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.
Property Type
ResidentialIncomeSubdivision
Ridgeway BeachCounty
Palm BeachStyle
FourplexAD ID
48274376
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Property Details
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Interior Features
Interior Features
- Roof: Shingle
Roofing Information
- Shingle
Flooring Information
- Terrazzo
Heating & Cooling
- Heating: Central
- Cooling: CentralAir
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Exterior Features
Building Information
- Year Built: 1962
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Property / Lot Details
Lot Information
- Lot Description: Other
Property Information
- Subdivision: RIDGEWAY BEACH
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Listing Information
Listing Price Information
- Original List Price: $420000
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Taxes / Assessments
Tax Information
- Annual Tax: $6669
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Garage: 5
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School, Utilities & Location Details
Utility Information
- CableNotAvailable
Location Information
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BuyOwner last updated this listing 01/21/2025 @ 07:10
- MLS: A11719429
- LISTING PROVIDED COURTESY OF: Jeahnny Rendon, Belhouse Real Estate, LLC
- SOURCE: SEFMIAMI
is a Home, with 8 bedrooms which is for sale, it has 2,208 sqft, 2,208 sized lot, and 0 parking. are nearby neighborhoods.