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

$1,350,000
: 4
BA
: 2,903
SqFt

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List Price: $1,350,000
Days on Market: 308
Price Change: ▼ $100,000 1781827550
MLS#: R11126199
Year Built: 1928
Bathrooms: 4
Living Area: 2,903
Acres: 0.29
Building Name: Kelsey City
MLS Area Major: 5270

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Property 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.

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