Modern Living Group
 Unit 1,2,3,4,5
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$1,350,000ACTIVE

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

beds4baths2,903sq ft$465/ sq ft
THE RESIDENCE

About this home

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.

THE DETAILS

Property details

List Price$1,350,000
Price / Unit$337,500
Units4
Inside Sq Ft2,903
Year Built1928
ConstructionBlock, Frame, Stucco
FlooringCarpet, Ceramic Tile, Linoleum
ZoningR1(cit
Lot Dimensions75.0 ft x 168.0 ft
Property TypeQuadruplex
MLS #R11126199
StatusActive
Original List Price$1,750,000
Tenant PaysCable TV, Electricity, Insurance
Stories2
Lot Size0.29 acres
WaterfrontNo
Days on Market272
Show all details (3 more)
Annual Taxes$16,966
CityLake Park
Zip Code33403
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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