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.
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Pahokee is located in Florida. Pahokee, Florida has a population of 5,504. Pahokee is more family-centric than the surrounding county with 35.14% of the households containing married families with children. The county average for households married with children is 25.71%.
The median household income in Pahokee, Florida is $30,753. The median household income for the surrounding county is $68,874 compared to the national median of $69,021. The median age of people living in Pahokee is 38 years.
The average high temperature in July is 91.6 degrees, with an average low temperature in January of 52.4 degrees. The average rainfall is approximately 51.2 inches per year, with 0 inches of snow per year.
