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    305 5Th St Lake Park, FL 33403

    For Sale
    $1,750,000

    Well-maintained 5-unit property with flexible leases and individual metering.

    Lot size:
    0.29 Acres

    Property Features for 305 5Th St

    General Information

    Lot size
    0.29 Acres

    Building Details

    Year built
    1928

    Source: RE/MAX Prestige Realty/Wellington Agent Fabian Robert McCullon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Unit Apartment Property For Sale

    This property features five units, offering a blend of convenience and investment potential. Four units consist of 2-bedroom, 1-bathroom layouts. The fifth unit is a standalone cottage, providing privacy and versatility. The property has been maintained inside and out, featuring landscaped grounds. All tenants are currently on month-to-month annual leases. Each unit is separately metered for both electric and water. Residents benefit from central air conditioning and impact windows.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Park
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.052618
    Latitude
    26.718122

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit property with flexible leases and individual metering.
    Where is this apartment building located?
    The property is located at 305 5Th St Lake Park, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Five-unit property featuring four 2-bedroom, 1-bathroom units and a standalone cottage.; - All units separately metered for electric and water.; - Month-to-month annual leases offer flexibility.
    (561) 262-3565
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    305 5Th St Lake Park, FL 33403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 5Th St Lake Park, FL 33403
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