USAFLLake ParkKelsey City1-2-3-4-5-305 Cypress Dr

1, 2, 3, 4, 5-305 Cypress Dr, Lake Park, FL

House

For Sale

Listed price in listed location currency (USD).

$1,280,000

000

MLS® B26080606

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 2504 sqft

Garage

Taxes $16,955

Days Active 3

Lot Size

Approx. Age 1928

Avg. Price Per Sqft $511

MLS® Number B26080606

Property Address: 1-2-3-4-5-305 Cypress Dr, Lake Park, FL, 33403-3448

Average square foot calculated using Size range provided by listing 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.

MLS® NumberB26080606

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1928

Basement

Driveway

Garage Spaces

HeatCentral, Individual

A/CCentral Air

Extras

Map

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