BEDS3
BATHS4 full
SQUARE FEET2,325
MLS#B26048563
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONKELSEY CITY
Property 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 $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, 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, and outstanding investment potential. 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.
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
Amenities
None
Barbecue
Feature Descriptions
Appliances: Electric Water Heater, Electric Range, Microwave, Refrigerator, Water Heater, Range
Days on Site: 27
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
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,838.92 per month $1,669.17 Principal & Interest $951.00 Property Tax $218.75 Homeowner's InsuranceChange Payment Information
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.realtymarkllc.com today.