# 305 CYPRESS Drive #1,2,3,4,5, Lake Park, FL 33403 > **TL;DR:** 8bd/0ba multi-family, $1,280,000 ($511/sqft), built 1928, 2,504 sqft. > View, A/C. Est. $6,845/mo. Listed 37 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,280,000 | | Price/sqft | $511 | | Bedrooms | 8 | | Square Feet | 2,504 | | Year Built | 1928 | | Lot Size | 12,632 sqft (0.29 acres) | | Stories | 2 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 37 | ## Why This Home Stands Out - **Views** - City ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,472 | | Estimated Insurance | $373 | | **Total** | **$6,845** | ## Nearby Schools - **Elementary:** Lake Park - **Middle:** Howell L. Watkins - **High:** Palm Beach Gardens ## Key Amenities - View - A/C ## Property Highlights - Built in 1928 - 0.29 acre lot - 2 stories ## Description ### Agent Description 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 strategy. The property also offers potential upside through future rent adjustments as market conditions allow. Ideally located just blocks from the Intracoastal Waterway and convenient to shopping, dining, employment, and entertainment. As an additional benefit, the main roof will be replaced prior to closing, helping reduce a significant near-term capital expense for the new owner. Whether you're expanding an existing portfolio or looking for a stabilized multifamily investment with immediate rental income, this is a rare opportunity to acquire a fully occupied, income-producing 5-unit property in a desirable Palm Beach County location. ## Location - **Address:** 305 CYPRESS Drive #1,2,3,4,5, Lake Park, FL 33403 - **County:** Palm Beach - **Neighborhood:** KELSEY CITY - **Coordinates:** 26.794843, -80.058925 - **Google Maps:** https://www.google.com/maps?q=26.794843,-80.058925 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/305-CYPRESS-Drive-Unit-12345-Lake-Park-FL-33403/unbranded ## Listing Agent - **Name:** Fabian Robert McCullon · **License:** 3016356 - **Brokerage:** RE/MAX Prestige Realty - **Broker Phone:** (561) 793-1480 ## Photos ![305 CYPRESS Drive #1,2,3,4,5 - Photo 1](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1072515131r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 2](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f116697809r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 3](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3651016841r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 4](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f476675977r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 5](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3985815710r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 6](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f175494004r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 7](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2142832534r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 8](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3977821228r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 9](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3605132188r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 10](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2709249880r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 11](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f999069269r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 12](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3477744384r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 13](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1631787339r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 14](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2652353185r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 15](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3064345011r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 16](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1719801110r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 17](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1424765165r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 18](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f149431507r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 19](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2295291524r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 20](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2904572084r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 21](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3555475541r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 22](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f244176773r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 23](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3010018169r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 24](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f818770181r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 25](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2908573339r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 26](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3684191924r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 27](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f87524591r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 28](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3717425598r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 29](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3536483999r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 30](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1646548938r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 31](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f87524591r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 32](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f650109325r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 33](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1571437151r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 34](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1517358723r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 35](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3140035082r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 36](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2309160435r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 37](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1109878714r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 38](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3009742276r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 39](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1474505038r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 40](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f478032099r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 41](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2614231536r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 42](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3516024314r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 43](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1061382738r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 44](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2488421251r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 45](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1566637196r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 46](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2430543581r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 47](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1151313128r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 48](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2554198464r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 49](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f127203256r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 50](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2974813667r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 51](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f1700004920r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 52](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f3677633368r.jpg) ![305 CYPRESS Drive #1,2,3,4,5 - Photo 53](http://lh.rdcpix.com/005164f7095dea8fb9a7f1ca0900ea69l-f2435758020r.jpg) --- **MLS#:** B26080606 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/305-cypress-drive-lake-park-fl-33403-8c304e88ebc74133b9b79c69b9cd257e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/305-cypress-drive-lake-park-fl-33403-8c304e88ebc74133b9b79c69b9cd257e#listing", "url": "https://www.propertysimple.ai/listing/305-cypress-drive-lake-park-fl-33403-8c304e88ebc74133b9b79c69b9cd257e", "name": "305 CYPRESS Drive #1,2,3,4,5, Lake Park, FL 33403", "description": "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. 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