Property Description
Discover a rare four-unit investment opportunity in the high-growth Lake Park area. This unique property features a three-bedroom main residence plus a triplex with three fully occupied efficiency units, offering immediate rental income from day one. Whether you're an investor seeking strong cash flow or a homeowner looking to offset your mortgage, this property offers exceptional flexibility. Live in the main home while the rental income helps cover your monthly expenses, or maximize its full investment potential and bring in $97,500/yr in revenue. Ideally located just minutes from the Intracoastal Waterway. Singer Island beaches, Publix, US-1, I-95 and Palm Beach International Airport, the property sits in a thriving rental market with excellent long-term growth potential.
Property Features
Property Type: Residential - Single Family
Cooling: Wall/Window Unit(s)
Fenced: Yes
Heating: Window/Wall
Home Style: Ranch
Lot Size: 0.14 Acres
Roof Type: Shingle, Tar/Gravel
Stories: 1.0
Taxes: $11,412
Year Built: 1945
Square Feet: 2,325
Amenities
None
Barbecue
Feature Descriptions
Appliances: Electric Water Heater, Electric Range, Microwave, Refrigerator, Water Heater, Range
Days on Site: 16
Exterior: Aluminum Siding, Stucco, Vinyl Siding, CBS
Fencing: Back Yard, Fenced
Fireplace: Wood Burning
Flooring: Clay, Tile
Guest House Y/N: No
Laundry: Electric Dryer Hookup, In Garage, Inside, Washer Hookup
Other Equipment: Satellite Dish
Parcel#: 36434220010180440
Parking: Driveway, Open, On Street
Parking Notes: Driveway, Open, On Street
Pets Allowed: Yes, No Restrictions
Restrictions: No Restrictions
Security: Smoke Detector(s)
Sewer: Public Sewer
Sprinkler: Auto Sprinkler
SQFT Living: 1732
Structure Type: House
Total Rooms: 3
Utilities: Electricity Connected, Sewer Connected, Water Connected
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Palm Beach Gardens
Middle School: Howell L. Watkins
Elementary School: Lake Park
Listed By / Shown By
Listed By
Agency Name: One Sotheby's International Realty
Agency Phone: 561-997-7227
Shown By
Agent Name: Laura Brannen
Agent Phone: (904) 422-5735
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 4,950.33 per month $3,780.58 Principal & Interest $951.00 Property Tax $218.75 Homeowner's InsuranceChange Payment Information
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505 Foresteria Drive | MLS# B26048563
This single family home located at 505 Foresteria Drive, Lake Park, FL 33403 is currently listed for sale with an asking price of $750,000. This property was built in 1945 and has 3 bedrooms and 4 full baths with 2325 sq. ft. Foresteria Drive is located in the KELSEY CITY subdivision. Search KELSEY CITY real estate on www.laurabrannen.com today.