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305 Cypress Drive E 1,2,3,4,5
  • MLS#: R11126199 ( Residential Income )
  • Street Address: 305 Cypress Drive E 1,2,3,4,5
  • Viewed: 49
  • Price: $1,450,000
  • Price sqft: $497
  • Waterfront: No
  • Year Built: 1928
  • Bldg sqft: 2919
  • Total Baths: 4
  • Days On Market: 149
  • Additional Information
  • Geolocation: 27 / -80
  • County: Palm Beach
  • City: Lake Park
  • Zipcode: 33403
  • Subdivision: Kelsey City
  • Provided by: RE/MAX Prestige Realty/Wellington
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  • 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 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.
Features
Possible Terms
  1. Cash
  2. Conventional
Association Amenities
  1. None
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Electric
  1. Three Phase
Fencing
  1. Fenced
Flooring
  1. Carpet
  2. Ceramic Tile
  3. Linoleum
Heating
  1. Central
Legal Description
  1. 3-44-42
  2. E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
Other Structures
  1. Outbuilding
Parcel Number
  1. 36434220010690440
Property Type
  1. Residential Income
Roof
  1. Composition
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Insurance
Unit Number
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
Utilities
  1. Cable Available
  2. Sewer Available
  3. Water Available
Views
  1. 49
Virtual Tour Url
  1. https://www.propertypanorama.com/305-Cypress-Drive-12345-Lake-Park-FL-33403/unbranded
Water Source
  1. Public
Year Built
  1. 1928
Zoning Code
  1. R1(cit