305 Cypress Drive E # 5, Lake Park FL 33403

For sale Days on market 329

$1,280,000

$441/sq ft

$470,000
Price Decreased

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305 Cypress Drive E # 5, Lake Park FL 33403

For sale Days on market 329

$1,280,000

$441/sq ft

$470,000
Price Decreased

Overview

Year Built

1928

Sqft

2903

Property Type

Quadruplex

Property 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.

Property Details

MLS#

R11126199

Total Floor in Bldg

Address

305 Cypress

City

Lake Park

State/county

Zip/Postal Code

33403

Area

Kelsey City

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$16,966

Maint Fee

$--

Tax Year

2025

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