305 Cypress Drive E 1,2,3,4,5, Lake Park, FL 33403 (MLS# R11126199)

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

$1,450,000

Virtual Tour

https://www.propertypanorama.com/305-Cypress-Drive-12345-Lake-Park-FL-33403/unbranded

Property Type: Residential Income Square Footage: 2,919 Status: Active

Current Price: $1,450,000 List Date: 9/23/2025 Last Modified: 4/09/2026

Overview

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

Supplements: 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 ... (Read more)

Listing Details MLS# R11126199

General Property Information

Number Of Units Total: 5
Property Sub Type: Quadruplex
Building Area Main: 2919
Building Area Source: Public Records
Living Area Main: 2903
Year Built: 1928
Gated Community YN: No
Lot Size Area: 12595
Lot Size Acres: 0.29
Lot Size Dimensions: 75.0 ft x 168.0 ft
Senior Community YN: No
Stories: 2
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Accounting Statements; Copy Of Lease(s); Investment Analysis Electric: Three Phase Fencing: Fenced Flooring: Carpet; Ceramic Tile; Linoleum Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Insurance Source Of Expenses: Owner Provided; Pro Forma Construction Materials: CBS; Frame; Stucco Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Other Structures: Outbuilding Possession: Close Of Escrow Other Leasing Restrictions: Tenant Approval Roof: Composition Sewer: Public Sewer Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Window Features: Storm Window(s) Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied Occupant Details: Tenant Occupied Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen; Laundry Room Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Smoke Detector(s) Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen; Laundry Room Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Smoke Detector(s) Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen; Laundry Room Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1750000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 305
Street Name: Cypress
Street Suffix: Drive
Street Direction Suffix: E
Unit Number: 1,2,3,4,5
City Name: Lake Park
State Or Province: FL
Postal Code: 33403
Postal Zip: 33403
Subdivision Name: KELSEY CITY
Development Name: KELSEY CITY
Area: 5270
Geographic Area: PB26
Elementary School: Lake Park
Middle Or Junior School: Howell L. Watkins
High School: Palm Beach Gardens
Special Assessment YN: No
Parcel Number: 36434220010690440
Zoning: R1(cit
Directions: US-1 to Cypress Dr.
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 16966
Tax Year: 2025
Tax Legal Description: 3-44-42, E 225 FT OF N 200 FT OF S 1035.13 FT OF NE 1/4

Status Change Information

Major Change Timestamp: 2026-02-05T16:26:24Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-05T16:26:24Z
Status Change Date: 2025-09-23

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 1900
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 2 Details

Actual Rent: 1900
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 3 Details

Actual Rent: 1900
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 4 Details

Actual Rent: 1900
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Price Calculations

Current Price To SqFt: 499.48

Originating Details

Originating System Key: 20250923132817566473000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Fee Details

Application Fee: 0

Association Amenities

None: Yes

Electric

Three Phase: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Linoleum: Yes

Property Condition

Resale: Yes

Documents Available

Accounting Statements: Yes
Copy Of Lease(s): Yes
Investment Analysis: Yes

Fencing

Fenced: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Insurance: Yes

Other Structures

Outbuilding: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes

Sprinkler Description

Auto Sprinkler: Yes
Zoned Sprinkler: Yes

Water Access

None: Yes

Window Features

Storm Window(s): Yes

Construction Materials

CBS: Yes
Frame: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Income and Expenses

Annual Total Expense: 0
Gross Income: 0

Source Of Expenses

Owner Provided: Yes
Pro Forma: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes

Other Leasing Restrictions

Tenant Approval: Yes

Tax Information

City/County: Yes

Occupant Details

Tenant Occupied: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Smoke Detector(s): Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Smoke Detector(s): Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes
Laundry Room: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: RE/MAX Prestige Realty/Wellington

Last Updated: April - 09 - 2026

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