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.
Listing Provided Courtesy of RE/MAX Prestige Realty/Wellington at 561-798-8080
Property Details
Price:
$1,280,000
MLS #:
R11126199
Status:
Active
Beds:
0
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
KELSEY CITY
Neighborhood:
5270
Listed Date:
Sep 23, 2025
Finished Sq Ft:
2,903
Total Sq Ft:
2,919
Lot Size:
548,638,200 sqft / 0.29 acres (approx)
Year Built:
1928
Units:
4
See this Listing
Schools
Elementary School:
Lake Park
Middle School:
Howell L. Watkins
High School:
Palm Beach Gardens
Interior
Cooling
Central Air
Flooring
Carpet, Ceramic Tile, Linoleum
Heating
Central
Levels
Two
Exterior
Construction Materials
Frame, Stucco
Exterior Features
Courtyard, Garden, Other
Fencing
Fenced
Other Structures
Outbuilding
Roof
Composition
Stories
2
Waterfront Features
None
Window Features
Storm Window(s)
Financial
Tax Year
2025
Taxes
$16,966
Map
Community
- Address305 Cypress Drive E 12345 Lake Park FL
- SubdivisionKELSEY CITY
- CityLake Park
- CountyPalm Beach
- Zip Code33403
Subdivisions in Lake Park
- Apartments at Timberlake
- APARTMENTS AT TIMBERLAKE CONDO
- Bay Reach
- BAY REACH CONDO
- BAY REACH CONDOMINIUM
- GARDEN COVE CONDO
- KELSEY CITY
- KELSEY CITY IN PB 8 PGS 15 TO 18, 23, 27 & 34 TO 37 INC
- Lake Harbour
- Lake Harbour Towers
- LAKE HARBOUR TOWERS CONDO
- Lake Harbour Towers East
- Lake Park Add
- LAKE PARK ADD NO 1 IN PB 25 PGS 222 & 223
- LAKE SHORE CONDO
- LAKE VIEW CONDO APTS
- Nautilus 220
- NAUTILUS 220 CONDOMINIUM
- PARK AVENUE COND
- TIMBERLAKE
Market Summary
Current real estate data for Multi Family in Lake Park as of Aug 29, 2026
5
Multi Family Listed
103
Avg DOM
395
Avg $ / SqFt
$838,800
Avg List Price
Property Summary
- Located in the KELSEY CITY subdivision, 305 Cypress Drive E 12345 Lake Park FL is a Multi Family for sale in Lake Park, FL, 33403. It is listed for $1,280,000 To schedule a showing of MLS#r11126199 at 305 Cypress Drive E 12345 in Lake Park, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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