305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
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  • MLS#: R11126199 ( Residential Income )
  • Street Address: 305 Cypress Drive E 1,2,3,4,5
  • Viewed: 34
  • Price: $1,625,000
  • Price sqft: $557
  • Waterfront: No
  • Year Built: 1928
  • Bldg sqft: 2919
  • Total Baths: 4
  • Days On Market: 129
  • Additional Information
  • Geolocation: 27 / -80
  • County: Palm Beach
  • City: Lake Park
  • Zipcode: 33403
  • Subdivision: Kelsey City
  • Provided by: RE/MAX Prestige Realty/Wellington
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  • 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.
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Features
Building and Construction
  • Fencing: Fenced
  • Flooring: Carpet, Ceramic Tile, Linoleum
  • Other Structures: Outbuilding
  • Roof: Composition
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Electric: Three Phase
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity, Insurance
Other Features
  • Legal Description: 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
  • Parcel Number: 36434220010690440
  • Unit Number: 1, 2, 3, 4, 5
  • Views: 34
  • Zoning Code: R1(cit