Ridgeway Beach

Highlights:

• Lot Features: Other Lot Description
• Documents Available: Copy Of Lease(S), Other Available Information
• Architectural Style: Detached
• Cooling: Central Air
• Heating: Central
• Flooring: Terrazzo
• Construction Materials: Other

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 this chance to invest in a property with steady income and growth potential! No contingency to appraisal.