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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.
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
Amenities
Monthly Cost Estimate
$7,755/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
305 Cypress Drive E
Lake Park, FL 33403
KELSEY CITY
Property Details
Flooring
Construction
Heating
Cooling
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.


