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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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505 Foresteria Dr , Lake Park, FL 33403
$750,000
Est. Payment: $1,666.67/mo
3 Bed
4 Bath
1732 Sqft
Status: Active | Days on site: 72
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FLL279626259 - FLL765511277
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house plus a triplex with three efficiency units, generating $82,200 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, and outstanding investment potential. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
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Highlights

Listed by Micah L Volmer , 561-323-1647 One Sotheby's International Realty , 561-997-7227.

Property Type

Residential
Lot/Acreage
0.14

Year Built

1945

County

Palm Beach

Area

5270

 Neighborhood

Kelsey City

Listing ID

B26048563

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Electric Range, Electric Water Heater, Microwave, Refrigerator, Satellite Dish
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Clay,Tile
Other:
  • ▪ Additional:Shower Only
Water:Public

Exterior Features

Lot:<1 Acre,Sprinklers Automatic,< 1/4 Acre
Garage Capacity:4
Zoning:R1 (city)
Roof:Composition,Shingle,Tar/Gravel
Others:
  • ▪ Additional:Barbecue, Fence
Sewer:Public Sewer
Parking Features:Driveway,Open,On Street,Two or More Spaces
Principal Interest
$1,667
Taxes
$951

Home Price

$750,000

Loan Details

30 yrs
%

Down Payment

20%
$150,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,666.67 $951.00 $0.00 $2,617.67
Yearly $20,000.00 $11,412.00 $0.00 $31,412.00
Total $600,000.00 $342,360.00 $0.00 $942,360.00

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.