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About This Home

This 8-bedroom, 4-bathroom residential multi family at 305 Cypress Drive E in Lake Park, FL is listed for $1,450,000 ($499 per sqft). Built in 1928, the home offers 2,903 sqft of living space on a 0.29 acres lot.

Agent 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.

Key Features

  • Built in 1928
  • 0.29 acre lot
  • 2 stories

Property Details

2 stories
4 full
#1,2,3,4,5
1928

Amenities

A/C

Monthly Cost Estimate

$7,755/mo

20% down · 6.5% · 30 years

Principal$1,049
Interest$6,283
Insurance$423

Estimates only. Actual payments may vary.

Location

305 Cypress Drive E

Lake Park, FL 33403

KELSEY CITY

Property Details

Flooring

Tile - CeramicLinoleumCarpet

Construction

CBS Frame Stucco

Heating

Central

Cooling

Central Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 305 Cypress Drive E is listed at $1,450,000 ($499/sqft). The estimated monthly payment is $6,283 based on 20% down at 6.5% interest.

Key features include: Built in 1928, 0.29 acre lot, 2 stories.

This property is listed by Fabian Robert McCullon and can be reached at 5612623565 or Fabiansellsfl@gmail.com.

FM

Fabian Robert McCullon

Agent at RE/MAX Prestige Realty/Wellington

(561) 262-3565

Listed by RE/MAX Prestige Realty/Wellington · View on Broker Site

MLS# R11126199· Source: listhub· Updated 251 days ago

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305 Cypress Drive E, Lake Park, FL 33403

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