505 Foresteria Drive, Lake Park, FL 33403

$750,000
3
BD
4
BA
1,732
SqFt

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List Price
$750,000
MLS#
B26048563
Subdivision
Kelsey City
Status
ACTIVE
Type
Single Family Residential
Bedrooms
3
Full baths
4
Living Area
1,732

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.

Additional Information

Days on Market
26
Tax Amount
$11,412
Parcel Number
36434220010180440
Bedroom Description
Primary Bath Shower
Front Exposure
South
Exterior Features
Barbeque
Parking Restrictions
2 Or More Spaces, Driveway, Open, On Street
Pet Restrictions
Yes
Pets Allowed
Yes
Address
505 Foresteria Drive, Lake Park
SqFt Liv Area
1,732
Year Built
1945
Design
Ranch, One Story
Development Name
Kelsey City
Style
House
Middle School
Howell L. Watkins
Senior High School
Palm Beach Gardens
Restrictions
No Restrictions
Construction Type
Aluminum Siding, CBS Construction, Slab Construction, Stucco
Interior Features
No Interior Features, Utility/Laundry In Garage

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of One Sotheby's International Realty, Contact: