505 Foresteria Drive, Lake Park, FL 33403

Listing Snapshot

About This Home

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 $86,400 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.

General Features

Property Type

ResidentialIncome

Sub-type

Quadruplex

Stories

1

Parking Spaces

4

Foundation

ConcretePerimeter,Raised,Slab

Zoning

R1 (city)

Utilities

ElectricityConnected,SewerConnected,WaterConnected

Subdivision

KELSEY CITY

Interior Features

Flooring

Clay,Tile

Heating

WallFurnace

Cooling

CeilingFans,WallWindowUnits

Laundry

WasherHookup,ElectricDryerHookup,Inside,InGarage

Exterior Features

Construction

AluminumSiding,Block,Stucco

Exterior Features

None

Roof

Composition,Shingle

Lot Features

InteriorLot,LessThanQuarterAcre

Fencing

Fenced

Pool

No

View

Other

Waterfront

No

Waterfront Features

None

Community Features

MLS Area

5270

Schools

Map

Virtual Tour