$410,000
SOLD APR 28, 2025

460 Cypress Ave Pahokee, FL 33476

-- Bed
-- Bath
2,208 Sq Ft
0.35 Acres

Recently Sold

$186 Per Sq Ft

2% Below List Price

96 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Terrazzo Flooring

About This Home

As of April 2025

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.

Last Agent to Sell the Property

Jeahnny Rendon

Belhouse Real Estate, LLC License #3352098 Listed on: 01/08/2025

Last Buyer's Agent

Karel Lens

Kesk Global Realty License #3539877

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

  • Rent includes rent incl
  • Assessor Parcel Number 48374218180340040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,669

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: RIDGEWAY BEACH
  • Year Built Details: Resale
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Terrazzo
  • Living Area: 2208
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: Other
  • Lot Features: Other Lot Description
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RIDGEWAY BEACH
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 48374218180340040
  • Zoning: MF12 (ci
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6669

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
Apr 28, 2025
Sold by
460 Cypress Llc
Bought by
Cardona Holdings 11 Llc
Seller's Agent
Jeahnny Rendon
Belhouse Real Estate, LLC
Buyer's Agent
Karel Lens
Kesk Global Realty
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Total Days on Market
96
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.70%
Original Mortgage
$315,000
Outstanding Balance
$297,278
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
$113,622

Purchase Details

Listed on
Oct 20, 2021
Closed on
Jun 3, 2022
Sold by
Garcia and Eida
Bought by
460 Cypress Llc
Seller's Agent
Jenieley Ponce
Home Match Realty, LLC.
Buyer's Agent
Jeahnny Rendon
Belhouse Real Estate, LLC
List Price
$380,000
Sold Price
$360,000
Premium/Discount to List
-$20,000
-5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.59%

Purchase Details

Closed on
Sep 12, 2008
Sold by
Avila Enma
Bought by
Garcia Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,700
Interest Rate
6.49%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $410,000 None Listed On Document
Warranty Deed $360,000 David A Coven Pa
Warranty Deed $150,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $315,000 Construction
Previous Owner $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: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $410,000 -2.4% $186 / Sq Ft
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
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

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
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jeahnny Rendon

    Belhouse Real Estate, LLC

    (786) 241-6882

    3 in this area

    17 Total Sales

    Jeahnny Rendon
    Section Image

  • K

    Buyer's Agent in 2025

    Karel Lens

    Kesk Global Realty

    (305) 401-5050

    1 in this area

    3 Total Sales

    Karel Lens
    Section Image

  • J

    Seller's Agent in 2022

    Jenieley Ponce

    Home Match Realty, LLC.

    (786) 543-0643

    3 in this area

    5 Total Sales

    Jenieley Ponce
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11719429

MIAMI REALTORS® MLS

APN: 48-37-42-18-18-034-0040

Florida Palm Beach County Pahokee 33476

460 Cypress Ave, Pahokee, FL

This home is located at 460 Cypress Ave, Pahokee, FL 33476 and is currently priced at $410,000, approximately $185 per square foot. This property was built in 1962. 460 Cypress Ave is a home located in Palm Beach County with nearby schools including Pahokee Elementary School, Pahokee Middle/Senior High School, and Glades Academy Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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