305 Cypress Drive E 1,Lake Park, FL 33403
Lake Park, FL 33403
Description
Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site laundry facility. The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.
Details
| MLS # | R11126199 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 344 |
| Listing Provided By | RE/MAX Prestige Realty/Wellington | Fabian Robert McCullon |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 2,903 |
| Story(s) | 2 |
| Units | 4 |
| Zoning | R1(cit |
| Acreage | 0.29 |
Exterior
| Lot Features | Quarter To Half Acre Lot, Sprinklers Automatic, Sprinkler System |
|---|
Taxes
| Tax Annual Amount | 16966 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Park |
| Zip Code | 33403 |
| Area | 5270 |
| Community Name | KELSEY CITY |
| Listing VS Median (in KELSEY CITY) | |
Price: $1,350,000 low | high Med: $509,950 sqft: 2,903 low | high Med: 1,494 $ / sqft: $465 low | high Med: $342 On site: 344 low | high Med: 57 | |
Market Activity 33403
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Park |
| Zip Code | 33403 |
| Area | 5270 |
| Community Name | KELSEY CITY |
| Listing VS Median (in KELSEY CITY) | |
Price: $1,350,000 low | high Med: $509,950 sqft: 2,903 low | high Med: 1,494 $ / sqft: $465 low | high Med: $342 On site: 344 low | high Med: 57 | |
 | $899,000Lake Park, FL 33403 |
 | $480,000307 4th StreetLake Park, FL 33403 |
 | $480,000307 4th StreetLake Park, FL 33403 |