Quadruplex in 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 for sale with MLS# R11126199
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.
305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
- Price:
- $1,350,000.00
- Original List Price:
- $1,750,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $465.03
- Tenant Pays:
- Electricity, Insurance, Cable Tv
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- June 18, 2026 6:32 pm
- Bathrooms Total:
- 4
- Living Area:
- 2,903 Sqft
- Built-Up Area:
- 2,919 Sqft
- Lot Size Dimensions and Info:
- 75.0 ft x 168.0 ft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.29
- Waterfront:
- No
- Exterior:
- Courtyard, Other, Garden
- Windows:
- Storm Window(s)
- Other Structures:
- Outbuilding
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Fence:
- Fenced
- Storm Protection Impact Glass:
- Complete
- Sprinkler Description:
- Auto Sprinkler, Zoned Sprinkler
- Year Built:
- 1928
- Roof:
- Composition
- Number of Units Total:
- 4
- Levels:
- Two
- Construction Materials:
- Frame, Stucco
- Flooring:
- Carpet, Ceramic Tile, Linoleum
- Structure Type:
- Fourplex (Quadruplex)
- Number of Units in the Community or Building:
- 4
- Stories:
- 2
- Property Condition:
- Resale
- Tax Annual Amount:
- $16,966.00
- Tax Year:
- 2025
- Property Tax Details:
- City/County
- Sewer:
- Public Sewer
- Electric:
- Three Phase
- Utilities Available:
- Cable Available, Sewer Available, Water Available
- Water Source:
- Public
- Subdivision Name:
- KELSEY CITY
- Senior Community:
- No
- Development Name:
- KELSEY CITY
- Restrictions:
- No Restrictions
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
- Documents Available:
- Copy Of Lease(s), Investment Analysis, Accounting Statements
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Negotiable Seller Concessions
- Tax Legal Description:
- 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
- Real Estate Folio Number (Parcel Number):
- 36434220010690440
- Zoning:
- R1(cit
- Elementary School:
- Beacon Cove Intermediate
- High School:
- Palm Beach Gardens
- Middle Or Junior School:
- Howell L. Watkins
- Active on the market since:
- September 23, 2025
- Listing Agreement executed on:
- September 23, 2025
- Price change occurred on:
- June 18, 2026 6:32 pm
- Listing Status Last Changed On:
- September 23, 2025 1:55 pm
- Photos updated on:
- September 23, 2025 2:11 pm
- Last Modified:
- August 5, 2026 9:34 am
- Courtesy of:
- RE/MAX Prestige Realty/Wellington
- Attribution:
- Not provided
- Street Name:
- Cypress
- Street Number:
- 305
- Unit Number:
- 1,2,3,4,5
- City:
- Lake Park
- State:
- Florida
- Zip Code:
- 33403
- County:
- Palm Beach
- Latitude:
- N26° 47' 41.4''
- Longitude:
- W81° 56' 27.9''
- Street Suffix:
- Drive
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
