505 Foresteria Drive
Lake Park, FL 33403-3369
$750,000 Active
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.
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| Type | Single Family Residence |
|---|---|
| Bedrooms | 3 |
| Bathrooms | 4 |
| Half Baths | 0 |
| Living Area | 1,732 sq ft |
| Total Area | 2,325 sq ft |
| Subdivision | KELSEY CITY |
| Zoning | R1 (city) |
| Year Built | 1945 |
|---|---|
| Lot Size | 0 sq ft |
| Lot Features | Less Than 1/4 Acre LotLess Than 1 AcreFenced |
| Roof | Comp Shingle RoofTar/GravelShingleTar & Gravel Roof |
| Construction | Aluminum SidingCBS ConstructionSlab ConstructionStucco |
| Style | RanchOne Story |
| Accessibility | - |
| Direction Faces | South |
| Pool | No |
| Pool Features | - |
| Bedrooms | Primary Bath Shower |
|---|---|
| Master Bathroom | Shower Only |
| Dining Room | - |
| Living Room | Utility/Laundry In Garage |
| Flooring | ClayTile |
|---|---|
| Interior Features | No Interior FeaturesUtility/Laundry In Garage |
| Appliances | Electric Water HeaterMicrowaveElectric RangeRefrigerator |
| Cooling | Wall/Window Unit(s) |
| Heating | Window/Wall |
| Exterior Features | Barbeque |
|---|---|
| Parking Features | 2 Or More SpacesDrivewayOpenOn Street |
| Parking Total | 4 |
| Garage | - |
| Garage Spaces | - |
| Carport | - |
| Carport Spaces | - |
| Pets Allowed | Yes |
|---|---|
| Community Features | - |
| Security Features | Smoke AlarmSmoke Detector(s)Smoke Detector |
| Association | No |
| Waterfront | No |
|---|---|
| Waterfront Features | - |
| View | - |
| Water Source | Public |
| Sewer | Public SewerPublic SanitationSewer |
| Annual Amount | 11412 |
|---|---|
| Tax Year | 2025 |
| Elementary School | - |
|---|---|
| Middle School | Howell L. Watkins |
| High School | Palm Beach Gardens |
| School District | - |
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