305 CYPRESS Drive # 5 # 1,2,3,4,5
Lake Park, FL 33403
MLS# B26080606
Want to See All 53 Photos?
Register for free to view all property photos and get access to exclusive listings!
Register for Free AccessYou've viewed 10 of 53 photos
Property Details
Bedrooms
Bathrooms
0
Square Feet
2,504
Year Built
1928
Property Type
Quadruplex
Status
Active
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.
Interested in this property?
Similar Homes You May Like
220 Lake Shore Drive # 815
Lake Park, FL 33403
POSSIBLE SELLER FINANCING - You're not just buying a condo — you're embracing a lifestyle. Step into refined waterfront living in this newly completed, south facing residence at Nautilus 220. Designed with soaring 10 foot ceilings and a light filled open layout, this home…
Read moreThis listing is courtesy of William Raveis Florida, LLC.
220 Lake Shore Drive # 1613
Lake Park, FL 33403
New construction without the new-construction premiums. A never-lived-in resale at Nautilus 220, Residence 1613 delivers the rare advantage of brand-new construction without the added developer capital contribution and closing costs. Set on the highly desirable A.07 floor plan…
Read moreThis listing is courtesy of EXP Realty LLC.
900 US HIGHWAY 1
Lake Park, FL 33403
MULTI-USE BUILDING — RETAIL & EXECUTIVE OFFICE SPACE FOR LEASE Flexible Spaces from 100 to 4,800 SF Prime opportunity to lease flexible retail, executive office, and multi-office space in a highly visible location directly on busy Federal Highway and next to the Intracoastal…
Read moreThis listing is courtesy of Partnership Realty Inc..
900 US HIGHWAY 1
Lake Park, FL 33403
MULTI-USE BUILDING — RETAIL & EXECUTIVE OFFICE SPACE FOR LEASE Flexible Spaces from 100 to 4,800 SF Prime opportunity to lease flexible retail, executive office, and multi-office space in a highly visible location directly on busy Federal Highway and next to the Intracoastal…
Read moreThis listing is courtesy of Partnership Realty Inc..
More Homes in 33403
View all homes in 33403
301 Lake Shore Drive # 809
Lake Park, FL 33403
Enjoy incredible views from this penthouse condo. Adjacent to the Lake Park Marina, this affordable waterfront condo has fabulous views from the living area and owner's suite. LHTS is an all age building with covered parking and additional storage space. Featuring 2 bedrooms and…
Read moreThis listing is courtesy of Coldwell Banker Realty.
1010 LAKE SHORE Drive # 202
Lake Park, FL 33403
Enjoy the Florida lifestyle in this updated 2BR/2BA condo located in a desirable gated waterfront community. Ideally situated just steps from the Intracoastal Waterway and minutes from the ocean, this home offers a fantastic combination of location, comfort, and amenities. The…
Read moreThis listing is courtesy of LoKation.
1120 Lake Shore Drive Unit 204 # Unit 204
Lake Park, FL 33403
Welcome to resort style living in this 2 bedroom/2 bathroom 2-story condo. A bedroom and bathroom downstairs and a private primary suite upstairs. Newly painted interior. Conveniently equipped with washer and dryer for your convenience and stainless steel appliances. Access the…
Read moreThis listing is courtesy of Illustrated Properties/Sewalls.
1105 Lake Shore Drive # 104
Lake Park, FL 33403
Enjoy breathtaking sunrises at the community pool and beachy area. This first floor 2 bed 2 bath unit in a gated intracoastal community, offers the resort lifestyle you are dreaming of. Natural light, heated pool, hot tub, fitness center, gas grills all overlooking the…
Read moreThis listing is courtesy of Premier Brokers International.
651 Foresteria Drive
Lake Park, FL 33403
This listing is courtesy of Ask & You Shall Receive Realty.
220 Lake Shore Drive # 1402
Lake Park, FL 33403
Live the luxury lifestyle in the Palm Beaches at this exquisite waterfront oasis, Nautilus 220, with amenities galore and incomparable water views! This mid-level corner residence is facing directly east offering beautiful sunrise, intracoastal, ocean and marina views. The…
Read moreThis listing is courtesy of Waterfront Properties & Club C.
Own a home nearby? See what it may be worth
Get a free, no-obligation valuation from a local Miami real estate expert.
Get Your Home ValuationGet new listings in 33403
Register for updates on homes that match the area you are exploring.
Alert MeListing data updated