$140,000
●
Multifamily -
Off Market
429 N Cocoanut Road #5
Pahokee, FL 33476
Studio
4 Baths
2,825 Ft²
$221,102
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model
About This Property
Great investment opportunity, this Four-Plex is ready to sell. 4
units total of 8 bedrooms 4 bathrooms. Each unit is a 2 bedroom 1
bathroom, they all have individual water and power meter, tenants
pays for utilities. More income potential. Property needs
some work.
NO CONTRACT FLIPPER...
NO CONTRACT FLIPPER...
Unit Size
2,825 Ft²
Days on Market
37 days
Land Size
0.15 acres
Price per sqft
$53
Property Type
Multifamily
Property Taxes
$316
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Beaches MLS #R10455835)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Jun 3, 2024 | Listed by Keller Williams Realty/P B | $400,000 | |
| Listed by Keller Williams Realty/P B | |||
| | |||
|
NO CONTRACT FLIPPERS. Twin buildings up from grabs. Nicely maintained quad plex on a dead end street with lots of green space. Ceiling fans in each unit and Pest control services in place to keep the property clean. New Buyer can assume the pest control service at their cost. Several units were upgraded. Building being sold as a package deal with RX-10994331, 423 N. Cocoanut Road 1. Buy both buildings for $780,000.
| |||
| Feb 16, 2021 | Sold | ||
| Sold | |||
| Oct 31, 2019 | Listed by KD Gunther Properties By Friday Realty, LLC | $230,000 | |
| Listed by KD Gunther Properties By Friday Realty, LLC | |||
   | |||
|
New rent increase starting Jan 1st 2021, cash flow now $2825 per month, $65,400 annual if you buy both buildings.
Being sold as a package deal with RX-10626062 423 N Cocoanut Rd (next door) buy both for $440,000!!! All units fully occupied, just renovated, building 4 x 2 bedroom 1 bath, separate water and power meter for each unit. The entire building was just painted, new gutter system, safety lights, security camera, door bells, fire extinguishers.
All 4 units received new flooring, up-dated kitchen cabinets appliances, bathrooms. Each unit has 3 window air conditions as well as new ceiling fans and light switches.
NO CONTRACT FLIPPERS..
| |||
| Apr 16, 2019 | Sold | ||
| Sold | |||
Show More
Property Highlights
Interior Details
Full Bathrooms: 4
Flooring Type: Linoleum
Exterior Details
Square Footage: 2825
Property Condition: Resale
Year Built: 1979
Waterfront Features: None
Building Area Total: 3955
Levels: Two
Construction Materials: Block
Lot Features: LessThanQuarterAcre
Lot Size Area: 6534
Lot Size Units: Square Feet
Lot Size Acres: 0.15
Lot Size Square Feet: 6534
Lot Size Dimensions: 66.0 ft x 100.0 ft
Water Source: Public, MultipleMeters
Financial Details
Tax Annual Amount: $3,795
Utilities Details
Cooling Type: None
Heating Type: None
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/03/2024
|
8 Bed
|
4 Bath
|
3000 ft²
|
$400,000
8 Bed
4 Bath
3000 ft²
|
$326,000
-18.50%
08/28/2024
|
Pamela Brooks
Keller Williams Realty/P B
| |
|
10/31/2019
|
Studio
|
4 Bath
|
2825 ft²
|
$230,000
Studio
4 Bath
2825 ft²
|
$220,000
-4.35%
02/01/2021
|
Karl Schulz
KD Gunther Properties By Friday Realty, LLC
| |
|
08/15/2018
|
Studio
|
4 Bath
|
2825 ft²
|
$149,000
Studio
4 Bath
2825 ft²
|
$140,000
-6.04%
04/16/2019
|
Karl R Schulz
KD Gunther Properties By Friday Realty, LLC
|
Building Info
About East Lake Village
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Listed by: Karl R Schulz
KD Gunther Properties By Friday Realty, LLC
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10455835
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
KD Gunther Properties By Friday Realty, LLC
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10455835
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