505 Foresteria Drive,Lake Park, FL 33403
Lake Park, FL 33403
Description
Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $82,200 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, pickleball, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, & outstanding investment. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Details
| MLS # | B26013374 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 154 |
| Listing Provided By | One Sotheby's International Realty | Micah L Volmer |
Features
| SQ Feet | 1,732 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | R1 (city) |
| Acreage | 0.14 |
| Property View | Other, Water |
Exterior
| Lot Features | Less Than One Acre, Interior Lot, Sprinklers Automatic, Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 11413 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Park |
| Zip Code | 33403 |
| Area | 27 |
| Subarea | Palm Beach 5270; 5280; 5290 |
| Community Name | KELSEY CITY |
| Listing VS Median (in KELSEY CITY) | |
Price: $750,000 low | high Med: $449,900 sqft: 1,732 low | high Med: 1,683 $ / sqft: $433 low | high Med: $267 On site: 154 low | high Med: 12 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Park |
| Zip Code | 33403 |
| Area | 27 |
| Subarea | Palm Beach 5270; 5280; 5290 |
| Community Name | KELSEY CITY |
| Listing VS Median (in KELSEY CITY) | |
Price: $750,000 low | high Med: $449,900 sqft: 1,732 low | high Med: 1,683 $ / sqft: $433 low | high Med: $267 On site: 154 low | high Med: 12 | |
