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305 Cypress Drive E #1,2,3,4,5, West Palm Beach, FL, 33403

8beds
4baths
2,903sqft
$1,450,000
$499price/sqft
$9,118/moest. monthly cost
$364,720/yrincome needed

About This Home

Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site laundry facility. The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.

Getting Around

59
WalkingSomewhat Walkable
31
TransitSome Transit
64
BikeBikeable

Schools

4/10
3/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1928

Materials

  • Roof: Composition
  • Construction materials: Block,Frame,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Window features: Storm Window(s)
  • Flooring: Carpet,Ceramic Tile,Linoleum

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,919
  • Total interior livable area: 2,903 sqft

Property

Details

  • Parcel number: 36434220010690440
  • Zoning: R1(cit

Features

  • Levels: Two
  • Stories: 2
  • Fencing: Fenced
  • Waterfront features: None

Lot

  • Lot size: 0.29 Acres
  • Features: 1/4 to 1/2 Acre Lot,Sprinklers Automatic,Sprinkler System
  • Lot size dimensions: 75.0 ft x 168.0 ft