652 Bayberry Drive, Lake Park, FL 33403
Duplex in Lake Park positioned directly across from the park near the beach, I-95, and shopping and dining.
- Added:
- Apr 10, 2025
- Days on Market:
- 438
- Last Refresh:
- Jun 20 at 5:24 am
Property Features for 652 Bayberry Drive
General Information
- Standard status
- Active
- Size
- 1,706 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agent Fabro Beverly
Listing office Kanga Property Management
Listing date Apr 10, 2025
Source Crexi
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 Kanga Property Management
HighLights
- Duplex built in 1956
- Positioned directly across from the park in Lake Park
- Located near the beach, I‑95, and shopping and dining
Overview
Located in Lake Park, the property sits directly across from the park, providing an immediate, park-adjacent setting. It’s also described as close to the beach, I-95, and nearby shopping and dining, supporting convenient day-to-day access for tenants and residents.
For investors or landlords, the duplex format can provide an effective way to structure income across two units within a single purchase. For buyers considering an owner-occupied approach, the layout may support living in one side while renting the other, aligning with the property’s stated suitability for rental use and potential house hack scenarios. The location advantages highlighted in the remarks—park positioning and proximity to major routes and amenities—may also help attract a range of prospective occupants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $40.6k | $23.81 |
| − OpEx | −$12.2k | −$7.14 |
| NOI | $28.4k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Park
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0664745
- Latitude
- 26.7936541
