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305 Cypress Drive #1,2,3,4,5, Lake Park, FL 33403

Lake Park
Local realty services provided by:CENTURY 21 Move With Us
305 Cypress Drive #1,2,3,4,5,Lake Park, FL 33403
$1,280,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,504 sq. ft.
  • Multi-family
  • Active
Listed by: fabian mccullon
Office: re/max prestige realty/wellington
MLS#:B26080606
Source:FL_RAMC

Price summary

  • Price:$1,280,000
  • Price per sq. ft.:$511.18

About this home

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 also features an on-site surveillance system for added security. With tenants currently on month-to-month agreements, a new owner has added flexibility when developing a future rental and management...

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Home facts

  • Year built:1928
  • Subdivision & Development:KELSEY CITY
  • Listing ID #:B26080606
  • Added:36 day(s) ago
  • Updated:October 31, 2026 at 09:31 PM

Rooms and interior

  • Flooring:Tile
  • Living area:2,504 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Central Individual
  • Central air:Yes

Structure and exterior

  • Roof:Flat Tile
  • Year built:1928
  • Building area:2,504 sq. ft.
  • Construction Materials:Frame

Schools

  • High school:Palm Beach Gardens
  • Middle school:Howell L. Watkins
  • Elementary school:Lake Park

Utilities

  • Water:Public Water, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,280,000
  • Price per sq. ft.:$511.18
  • Tax amount:$16,955 (2025)

Features and amenities

  • Amenities:Impact Glass
MLS LogoThe data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor<REGISTERED_LOGO> Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than CENTURY 21 Move With Us are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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