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

Lake Park
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
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 robert mccullon
Office: re/max prestige realty/wellington
MLS#:B26080606
Source:RMLS

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:48 day(s) ago
  • Updated:November 12, 2026 at 05:45 PM

Rooms and interior

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

Heating and cooling

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

Structure and exterior

  • Roof:Flat, Shingle
  • Year built:1928
  • Building area:2,504 sq. ft.
  • Construction Materials:Frame, Stucco
  • Exterior Features:Courtyard

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:10
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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