About 305 Cypress Drive E #1,2,3,4,5
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-sitelaundry 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.
Features of 305 Cypress Drive E #1,2,3,4,5
MLS® # | RX-11126199 |
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Price | $1,750,000 |
Bedrooms | 8 |
Bathrooms | 4.00 |
Full Baths | 4 |
Square Footage | 2,919 |
Acres | 0.29 |
Year Built | 1928 |
Type | Multi-Family |
Sub-Type | Quad Plex |
Style | No |
Status | Active |
Community Information
Address | 305 Cypress Drive E #1,2,3,4,5 |
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Area | 5270 |
Subdivision | KELSEY CITY |
City | Lake Park |
County | Palm Beach |
State | FL |
Zip Code | 33403 |
HOPA | No Hopa |
Amenities
Utilities | 3-Phase Electric, Cable, Public Sewer, Public Water |
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Is Waterfront | No |
Waterfront | None |
Has Pool | No |
Subdivision | None |
Interior
Heating | Central |
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Cooling | Central |
# of Stories | 2 |
Exterior
Exterior Features | Auto Sprinkler, Extra Building, Fence, Zoned Sprinkler |
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Lot Description | 1/4 to 1/2 Acre |
Windows | Hurricane Windows, Impact Glass |
Roof | Comp Shingle |
Construction | CBS, Frame, Frame/Stucco |
School Information
Middle | Howell L. Watkins Middle School |
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High | Suncoast Community High School |
Additional Information
Zoning | R1(cit |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | RE/MAX Prestige Realty/Wellington |
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