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460 Cypress Ave, Pahokee FL 33476

Multi-family Recently Sold
$410,000

BTC: 6.40625000

ETH: 227.77777778

Sold on: 2025-04-28
95 days
0 room(s)
2,208 sqft

Overview

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.

Location

Florida • Pahokee • 33476 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1962
Lot:
No Data
Heating:
Central
Price/sqft:
$190
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$419,000
$291K – $420K
Confidence Low
List vs. estimate
At estimate
List $420,000 · +0.2%
List is in line with recent comparable activity.
Price per sq ft
$190
+150.6% vs. city median $75
Based on
7 MLS comparables
+ 22 public-records sales within 0.5 mi
Median actual sale: $250K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,669
2023
Parking
5 spaces
All facts and features

  • Flooring

    • Terrazzo

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 48374218180340040

    • Zoning: MF12 (ci

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Other financial information

    • Annual tax amount: $6,669

  • Source details

    • MLS ID: A11719429

    Other facts

    • Construction Materials: Other

    • Lot Features: Other Lot Description

    • Architectural Style: Detached

    • Living Area: 2208

    • Subdivision Name: RIDGEWAY BEACH

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

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Pahokee
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RIDGEWAY BEACH, Pahokee
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Lots/Land
1.00 acres
ACREAGE & UNREC, PAHOKEE
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Market around this address

Live counts in the same area.
View all
This zip
33476
6
median $94K
Active
Same city
Pahokee
6
median $94K
Active
Same type
Multi-family
1
median $150K
Active
Similar price
$294K – $546K
1
median $450K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Belhouse Real Estate, LLC