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

Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86,400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, pickleball, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, & outstanding investment. 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 Rate9.42%
Gross Income$86,400/yr
Net Operating Income$70,643
Inside Sq Ft1,732
Year Built1945
ConstructionAluminum Siding, Block, Stucco
FlooringClay, Tile
ZoningR1 (city)
Property TypeQuadruplex
MLS #B26013374
StatusActive
Original List Price$750,000
GRM8.7
Tenant PaysCable TV, Electricity
Stories1
Show all details (7 more)
Lot Size0.14 acres
WaterfrontNo
ViewOther
Days on Market119
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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