Modern Living Group
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$750,000ACTIVE

505 Foresteria Drive, Lake Park, FL 33403

beds0baths1,732sq ft$433/ sq ft
THE RESIDENCE

About this home

Fully leased quadplex with multifamily zoning (up to 10 units) in a high-growth Lake Park location. Immediate cash flow from day one with all units occupied, plus strong upside through future redevelopment or added density. Prime location just minutes to the Intracoastal, 8-10 minutes to Singer Island beaches, ~3 minutes to Publix, with quick access to US-1, I-95, and ~20 minutes to PBI Airport. High-demand rental corridor supports consistent occupancy and long-term appreciation. Stabilized income with built-in upside. Opportunities like this are limited. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.

THE DETAILS

Property details

List Price$750,000
Price / Unit$187,500
Units4
Cap Rate8.66%
Gross Income$78,900/yr
Net Operating Income$64,933
Inside Sq Ft1,732
Year Built1945
ConstructionBlock, Stucco, Wood Siding
FlooringClay, Tile
ZoningR1 (city)
Property TypeQuadruplex
MLS #B26013374
StatusActive
Original List Price$750,000
GRM9.5
Tenant PaysCable TV, Electricity
Stories1
Show all details (7 more)
Lot Size0.14 acres
WaterfrontNo
ViewOther
Days on Market74
Annual Taxes$11,413
CityLake Park
Zip Code33403
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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