305 Cypress Drive E #1,2,3,4,5, Lake Park, FL

$1,750,000

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8

Beds

4

Baths

2,919

Square feet

0.29

Acres

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
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
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
Is Waterfront No
Waterfront None
Has Pool No
Subdivision None

Interior

Heating Central
Cooling Central
# of Stories 2

Exterior

Exterior Features Auto Sprinkler, Extra Building, Fence, Zoned Sprinkler
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
High Suncoast Community High School

Additional Information

Zoning R1(cit
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Prestige Realty/Wellington

Listing Map

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