Active

305 Cypress Drive #1,2,3,4,5

Lake Park, FL 33403

$1,450,000 $6,113/Mo

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Overview

Bed

Bath

2,903

Sqft

0.29

Acre(Lot)

Description

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 lau ndry 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.

Property Details

Property Type : ResidentialIncome

Price : $1,450,000

AD Id : 74136700

MLS Id : R11126199

Beds : 8

Lot Size : 0.29 Acre

Living Area Size : 2,903

Year Built : 1928

County : Palm Beach

Subdivision: Kelsey City

Map

Features

Interior Features

Roof: Composition

Window Features: ImpactGlass
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1928

Building Area Total: 2919

Construction Materials: Block, Frame, Stucco

Stories: 2

Pool Features: None

Private Pool: No
Exterior Features

Exterior Features: Fence

Lot Information

Lot Size Acres: 0.29 Lot Description: QuarterToHalfAcreLot,SprinklersAutomatic,SprinklerSystem

Property Information

Subdivision: KELSEY CITY Source Property Type: ResidentialIncome MLS Area Minor: Palm Beach 5270; 5280; 5290 Zoning Description: R1(cit Property SubType: Quadruplex Levels: Two Property Age: 98

Listing Price Information

Listing Price: $1450000

Original Price: $1750000

Cash, Conventional

Tax Information

Parcel Number: 36434220010690440 Tax Year: 2025 Annual Tax: $16966 Tax Legal Desc: 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4

Homeowners Association Information

Association Amenities: None

School Information

Elementary School: Junior High School: Howell L. Watkins Senior High School: Palm Beach Gardens
Utility Information

CableAvailable, WaterAvailable, SewerAvailable
Location Information

Direction: US-1 to Cypress Dr. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
652 Bayberry Drive, Lake Park, FL, 33403	$420,000	5	3	1,647	1,647 SqFt
512 Bayberry Drive, Lake Park, FL, 33403	$749,000	4	3	2,296	2,296 SqFt
505 Foresteria Drive, Lake Park, FL, 33403	$750,000	3	4	1,732	1,732 SqFt

Similar Multifamily To 305 Cypress Drive #1,2,3,4,5

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652 Bayberry Drive,
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305 Cypress Drive #1,2,3,4,5,
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512 Bayberry Drive,
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ByOwner last updated this listing 06/12/2026 @ 12:53

MLS: R11126199 LISTED BY: Fabian McCullon, RE/MAX Prestige Realty/Wellington 561-798-8080 SOURCE: SEFMIAMI