Address: 305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403
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.
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.
Features
Building and Construction
Fencing: Fenced
Flooring: Carpet, Ceramic Tile, Linoleum
Other Structures: Outbuilding
Roof: Composition
School Information
High School: Palm Beach Gardens
Middle School: Howell L. Watkins
School Elementary: Lake Park
Eco-Communities
Water Source: Public
Utilities
Cooling: Central Air
Electric: Three Phase
Heating: Central
Sewer: Public Sewer
Utilities: Cable Available, Sewer Available, Water Available
Amenities
Association Amenities: None
Finance and Tax Information
Tax Year: 2025
Rental Information
Tenant Pays: Cable TV, Electricity, Insurance
Other Features
Legal Description: 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4
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