305 Cypress Drive #1,2,3,4,5
Lake Park, FL 33403
8
Bed
4
Bath
2,504Sqft
12,595Sqft(Lot)
INCOME-PRODUCING 5-UNIT INVESTMENT PROPERTY - 100% OCCUPIED! Exceptional opportunity to acquire a fully rented, well-maintained multifamily property offering immediate cash flow and an estimated 6.5% cap rate at a $1.28M purchase price, based on current income and operating expenses. The property consists of four spacious 2-bedroom, 1-bath units plus a separate standalone cottage, providing five individual rental units and a diversified income stream. All five units are currently rented, with established tenants, allowing a new owner to begin generating income from day one. The property is owner-managed and has been meticulously maintained inside and out, with attractive landscaping and excellent curb appeal. Tenants enjoy central air conditioning and impact windows, while the property al
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Flat, ShingleLaundry Features: CommonAreaWindow Features: EnergyStarQualifiedWindows -
Heating & Cooling
Has Heating: Yes Heating: Central, Individual Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1928Building Area Total: 2504Construction Materials: Frame, Stucco, WoodFrameStories: 2Private Pool: NoView: City -
Exterior Features
Exterior Features: Courtyard
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Lot Information
Main Square Feet: 12595 Lot Size Acres: 0.29 Lot Description: QuarterToHalfAcreLotProperty Information
Subdivision: KELSEY CITY Source Property Type: ResidentialIncome MLS Area Minor: PB26 Postal Code Plus 4: 3448 Property SubType: Quadruplex Levels: Two Property Age: 98
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Listing Price Information
Listing Price: $1280000Cash, Conventional, Exchange1031, VaLoan
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Tax Information
Parcel Number: 36434220010690440 Tax Year: 2025 Annual Tax: $16955.41 Tax Legal Desc: KELSEY CITY LTS 44 TO 46 INC BLK 69
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Parking Information
Parking Total: 10Garage Information
Pets Allowed: NoPetRestrictions, Yes
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School Information
Elementary School: Lake Park Junior High School: Howell L. Watkins Senior High School: Palm Beach Gardens -
Utility Information
CableAvailable, ElectricityConnected, WaterConnected -
Location Information
Direction: US-1 to Cypress Dr. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 512 Bayberry Drive, Lake Park, FL, 33403 | $680,000 | 5 | 3 | 1,296 | 10,058 Sq. Ft |
| 505 Foresteria Drive, Lake Park, FL, 33403 | $750,000 | -- | -- | 1,732 | 6,256 Sq. Ft |
| 906 Foresteria Drive, Lake Park, FL, 33403 | $950,000 | -- | -- | 3,384 | 10,080 Sq. Ft |
Similar Multifamily To 305 Cypress Drive #1,2,3,4,5
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ByOwner last updated this listing 10/01/2026 @ 13:20
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