Price Reduced 17.14%
Price History
$1,750,000
9/23/2025
$1,625,000
1/12/2026
$1,450,000
2/5/2026
305 Cypress Drive E, #1,2,3,4,5, Lake Park, FL, 33403
4 Full baths
1928
2,903 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
R1(cit
Subdivision:
KELSEY CITY
Development:
KELSEY CITY
Heating:
Central
Cooling:
Central Air
Lot Size:
75.0 ft x 168.0 ft
Acreage:
0.29
Est. Taxes:
$16,966
Construction
Frame, Stucco, CBS
Utilities
Cable Available, Sewer Available, Water Available
Amenities:
None
Elementary School:
Lake Park
Middle School:
Howell L. Watkins
High School:
Palm Beach Gardens
Days on Market:
201
Owner Pays:
Cable TV, Electricity, Insurance
MLS #:
R11126199
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of RE/MAX Prestige Realty/Wellington 561-798-8080