505 Foresteria Drive, Lake Park, FL 33403

About This Home

Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house 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, 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 Details

Bathrooms Full

4

Bathrooms Half

0

Interior Features

No Interior Features, Utility/Laundry In Garage

Appliances

Electric Water Heater, Microwave, Electric Range, Refrigerator

Flooring

Clay, Tile

Heating

Window/Wall

Cooling

Wall/Window Unit(s)

Architectural Style

Ranch, One Story

Parking Features

2 Or More Spaces, Driveway, Open, On Street

Building & Association

Stories

1

Stories Total

1

Association

No

Pets Allowed

Yes

Security Features

Smoke Alarm, Smoke Detector(s), Smoke Detector

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot, Less Than 1 Acre, Fenced

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Aluminum Siding, CBS Construction, Slab Construction, Stucco

Roof

Comp Shingle Roof, Tar/Gravel, Shingle, Tar & Gravel Roof

Exterior Features

Barbeque

New Construction

No

Public Records

Parcel Number

36434220010180440

Tax Annual Amount

$11,412

Tax Year

2,025

Zoning

R1 (city)

County Or Parish

Palm Beach County

Location