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    Five-Unit Residential Income Property Title is generated by Realmo AI

    305 Cypress Dr E 1 2 3 4 5, Lake Park, FL 33403

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    For Sale
    $1,450,000

    Five separately metered units with central air and impact windows, offering a straightforward, well-maintained rental setup.

    Type:Investment
    Added:
    Jun 12, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 13 at 3:24 am

    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

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    Listing Contact
    Fabian Robert McCullon
    Fabian Robert McCullon

    Listing agent Fabian Robert McCullon License #3016356

    Listing office RE/MAX Prestige Realty

    Listing date Jun 12, 2026

    Source Elliman

    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

    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
    • On‑site laundry facility and full surveillance system
    • Main roof replacement scheduled prior to closing
    • All tenants are on month‑to‑month annual leases

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store 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

    FAQs

    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 $1,450,000.
    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
    More about this property
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