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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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305 Cypress Drive E 1,2,3,4,5 , Lake Park, FL 33403
$1,280,000
Est. Payment: $2,844.44/mo
8 Bed
4 Bath
2903 Sqft
Status: Active | Days on site: 350
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FLL802289 - FLL33016356
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House 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.

Highlights

Listed by Fabian Robert McCullon , 561-262-3565 RE/MAX Prestige Realty/Wellington , 561-798-8080.

Property Type

Multi-Family

Lot/Acreage
0.29

Year Built

1928

County

Palm Beach

Area

5270

Neighborhood

Kelsey City

Listing ID

R11126199

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Ceramic Tile
Water:Public

Exterior Features

Lot:<1 Acre,1/4 to 1/2 Acre Lot,Sprinklers Automatic,Sprinkler System
Zoning:R1(cit
Roof:Composition
Others:
  • Additional:Courtyard, Fence
Sewer:Not Connected (at lot),Public Sewer,Other
Principal Interest
$2,844
Taxes
$1,414

Home Price

$1,280,000

Loan Details

30 yrs
%

Down Payment

20%
$256,000
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Monthly Price:
$2,844.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,844.44 $1,413.83 $0.00 $4,258.28
Yearly $34,133.33 $16,966.00 $0.00 $51,099.33
Total $1,024,000.00 $508,980.00 $0.00 $1,532,980.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lake Park, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.