Lake Park, FL 33403 505 Foresteria Drive
$750,000
20 more
Presented By: DJ & Lindsey Real Estate
SQFT • 1,732
Home Details
Fully leased quadplex with multifamily zoning (up to 10 units) in a high-growth Lake Park location. Immediate cash flow from day one with all units occupied, plus strong upside through future redevelopment or added density. Prime location just minutes to the Intracoastal, 8-10 minutes to Singer Island beaches, ~3 minutes to Publix, with quick access to US-1, I-95, and ~20 minutes to PBI Airport. High-demand rental corridor supports consistent occupancy and long-term appreciation. Stabilized income with built-in upside. Opportunities like this are limited. 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.
Presented By: DJ & Lindsey Real Estate
Interior Features for 505 Foresteria Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringClay, Tile
Heating Y/NYes
Laundry FeaturesWasher Hookup, Electric Dryer Hookup, Inside, In Garage
Total Stories1
General for 505 Foresteria Drive
AccessibilityNone
CityLake Park
Construction MaterialsBlock, Stucco, Wood Siding
CoolingCeiling Fan(s), Wall/Window Unit(s)
CountyPalm Beach
Elementary SchoolLake Park
Gross Income78900
HeatingWall Furnace
High SchoolPalm Beach Gardens
Legal DescriptionKELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
LevelsOne
MLS Area5270
Middle/Junior High SchoolHowell L. Watkins
Net Operating Income64933
New ConstructionNo
Number Of Units Total4
Pets AllowedNo Pet Restrictions, Yes
PossessionClose Of Escrow
PostalCityLake Park
Property ConditionResale
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameKELSEY CITY
Tax Annual Amount11413
Tax Year2025
Tenant PaysCable TV, Electricity
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewOther
Virtual TourClick here
Waterfront FeaturesNone
Year Built1945
Exterior for 505 Foresteria Drive
Building Area Total2325
Exterior AmenitiesNone
Foundation DetailsConcrete Perimeter, Raised, Slab
Lot FeaturesInterior Lot, < 1/4 Acre
Lot Size Acres0.14
Lot Size Area6256
Other EquipmentSatellite Dish
Road Surface TypePaved
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Javier Navas
Realtor®
