Duplex Across From
For Sale
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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.
Property Size1,706 SF
Price / SF$243.26
Days on Market484
Property Features for 652 Bayberry Drive
General Information
Standard status
Active
Size
1,706 SF
Property subtype
Multifamily
Building Details
Year Built
1956
Listing Agency:
Kanga Property Management
Listed By:
Fabro Beverly
Source:
Crexi
Added: Apr 10, 2025
Changed: Jul 10
Last Checked: Aug 2 at 8:57AM
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
Investment Insights
Based on property information with market context.
This duplex offers a straightforward residential income configuration, currently presented as a rental property or potential owner-occupied “house hack” style setup. The offering includes a total size of 1,706 square feet.
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.
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.
Key Highlights
- Duplex built in 1956
- Positioned directly across from the park in Lake Park
- Located near the beach, I‑95, and shopping and dining
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 |
1,706 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.3K
$355.5K – $474.0K
NOI $28,439 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$374.8K
$328.0K – $437.3K
NOI $26,237 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,102 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Lake Park positioned directly across from the park near the beach, I-95, and shopping and dining.
Where is this duplex located?
The property is located at 652 Bayberry Drive Lake Park, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Duplex built in 1956; Positioned directly across from the park in Lake Park; Located near the beach, I‑95, and shopping and dining
