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Echelon Collectives Real Estate Firm

concierge@echeloncollectives.com +1(954) 410-5098

$750,000

Est. payment - /mo

1,732 SqFt

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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,732 sqft

Price per Sqft $433

Subdivision Kelsey City

MLS Listing ID B26013374

Style One Story,Fourplex

HOA Y/N No

Leases Per Year 365

Year Built 1945

Annual Tax Amount $11,413

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Condominium

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 with $97,500 in annual revenue. 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. 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. 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

State FL

County Palm Beach

Community Kelsey City

Area 5270

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Clay, Tile

Laundry Washer Hookup, In Garage

Exterior

Exterior Feature Fence, None

Pool None

Utilities Available Electricity Available, Sewer Available, Water Available

View Other, Water

Roof Type Composition,Shingle

Street Surface Paved

Private Pool No

Building

Lot Description <1 Acre, Interior Lot, < 1/4 Acre

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style One Story, Fourplex

Level or Stories One

Structure Type Aluminum Siding,Block,Stucco

Schools

Middle Schools Howell L. Watkins

High Schools Palm Beach Gardens

Others

Pets Allowed No Pet Restrictions

Senior Community No

Restrictions No Restrictions

Tax ID 36434220010180440

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed No Pet Restrictions

Virtual Tour https://www.propertypanorama.com/505-Foresteria-Drive-Lake-Park-FL-33403/unbranded

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Miami Association of Realtors (SEFMIAMI MLS)

Listed by One Sotheby's International Realty

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505 Foresteria DR Lake Park, FL 33403