
$750,000
Apartment for Sale, 505 Foresteria Drive, Lake Park, Florida 33403
- MLS#B26013374
161 m² (1,732 ft²)
Listed By One Sotheby's International Realty
The Apartment for Sale located at 505 Foresteria Drive, Lake Park, Florida 33403 is currently for sale.
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.
Location
505 Foresteria Drive, Lake Park, Florida 33403
Property features
Property
- Property size:
161 m² (1,732 ft²) - Features: Laundry Area In GarageWasher Hookup
Lot/Land
- Land/Lot size:
581 m² (6,256 ft²) - Lot Description: Fenced
Construction
- Year built: 1945
- Roofing: CompositionComposition/shingleFlat TileShingle
- Roof type: Flat
- Construction: Cbs ConstructionConcrete/BlockSlab Construction
- Exterior: StuccoAluminum Siding
Other Rooms
- Laundry description: Laundry Area In Garage
Interior Features
- Floors: TileClay Tile
View
- Features: Water View
Heating and Cooling
- Cooling System: Ceiling FanWall Or Window Units
Utilities
- Other utilities: SewerPublicSewer Available Off SitePublic Sewer
Community
- Features: Pets Allowed
School information
- High School: Palm Beach Gardens
- Middle School: Howell L. Watkins