Rene Smith - Premier Florida Realty Logo
$1,280,000
 $6,871 est/mo Sourced by Back At You

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

Lake Park, FL 33403

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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.

Details

MLS #R11126199
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1928
Days On Site346
Listing Provided ByRE/MAX Prestige Realty/Wellington | Fabian Robert McCullon

Features

SQ Feet2,903
Story(s)2
Units4
ZoningR1(cit
Acreage0.29

Exterior

Lot FeaturesLess Than One Acre, Quarter To Half Acre Lot, Sprinklers Automatic, Sprinkler System

Taxes

Tax Annual Amount16966

Area Information

StateFL
CountyPalm Beach
CityLake Park
Zip Code33403
Area5270
SubareaPalm Beach 5270; 5280; 5290
Community NameKELSEY CITY
Listing VS Median (in KELSEY CITY)
Price:
$1,280,000
low | high
Med:
$524,900
100% of Average
sqft:
2,903
low | high
Med:
1,430
100% of Average
$ / sqft:
$441
low | high
Med:
$367
66.751272945804% of Average
On site:
346
low | high
Med:
26
100% of Average
Sourced by Back At You

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Rene Smith

Rene Smith

PPI REALTY

ABR, PMN, SRS, RSPS, AHWD, C2EX (772) 353-1177renebuyandrent@gmail.com
StateFL
CountyPalm Beach
CityLake Park
Zip Code33403
Area5270
SubareaPalm Beach 5270; 5280; 5290
Community NameKELSEY CITY
Listing VS Median (in KELSEY CITY)
Price:
$1,280,000
low | high
Med:
$524,900
100% of Average
sqft:
2,903
low | high
Med:
1,430
100% of Average
$ / sqft:
$441
low | high
Med:
$367
66.751272945804% of Average
On site:
346
low | high
Med:
26
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $960K - $1.6M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
Property Photo 1
$899,000

Lake Park, FL 33403
307 4th Street Property Photo 1
$480,000
307 4th Street
Lake Park, FL 33403
307 4th Street Property Photo 1
$480,000
307 4th Street
Lake Park, FL 33403
Listing Updated: August 18, 2026 at 9:49:16 PM PDT

Rene Smith - Premier Florida Realty