Five-Unit Residential Income
305 Cypress Dr E 1 2 3 4 5 Lake Park, FL 33403
For Sale
$1,350,000
Five separately metered units with central air and impact windows, offering a straightforward, well-maintained rental setup.
Days on Market49
Property Features for 305 Cypress Dr E 1 2 3 4 5
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1928
Listing Agency:
RE/MAX Prestige Realty
(561) 262-3565
Listed By:
Fabian Robert McCullon · License #3016356
(561) 262-3565
Source:
Elliman
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 29 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Prestige Realty
Investment Insights
Based on property information with market context.
This is a well-maintained five-unit apartment property. Four units feature 2-bedroom, 1-bathroom layouts, and the fifth is a standalone cottage designed for privacy and flexible tenant use. The property includes central air conditioning, impact windows, an on-site laundry facility, and a full surveillance system. Each unit is separately metered for both electric and water, supporting more individualized utility management. Outside, the grounds are landscaped and maintained.
The property is located in Lake Park, Florida, just blocks from the Intracoastal Waterway. The setting offers convenient access to shopping, dining, and entertainment. All tenants are currently on month-to-month leases, which can provide flexibility for an incoming owner.
From an ownership standpoint, the mix of unit types and the separate electric and water metering can simplify operations and tenant billing. With existing in-place amenities such as central air, on-site laundry, and security monitoring, the property is positioned to support comfortable day-to-day residency. In addition, the main roof will be replaced prior to closing.
The property is located in Lake Park, Florida, just blocks from the Intracoastal Waterway. The setting offers convenient access to shopping, dining, and entertainment. All tenants are currently on month-to-month leases, which can provide flexibility for an incoming owner.
From an ownership standpoint, the mix of unit types and the separate electric and water metering can simplify operations and tenant billing. With existing in-place amenities such as central air, on-site laundry, and security monitoring, the property is positioned to support comfortable day-to-day residency. In addition, the main roof will be replaced prior to closing.
Key Highlights
- 5‑unit apartment building built in 1928 with four 2BR/1BA units plus a standalone cottage unit
- All units are separately metered for electric and water
- Central air conditioning and impact windows in the units
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five separately metered units with central air and impact windows, offering a straightforward, well-maintained rental setup.
Where is this apartment building located?
The property is located at 305 Cypress Dr E 1 2 3 4 5 Lake Park, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5‑unit apartment building built in 1928 with four 2BR/1BA units plus a standalone cottage unit; All units are separately metered for electric and water; Central air conditioning and impact windows in the units
