505 Foresteria ,One Story, Quadruplex, Fourplex, Kelsey City for Sale

505 Foresteria for Sale

Price $750,000.00

• Lot size 6256
• Year Build 1945
• Waterfront
• Zip 33403
• Style One Story
• Parking Description
• Pool Yes
• Status Active

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. Rental Income can be used to help qualify for mortgage. Walk to intracoastal, marina, brewery, theater, pickleball, and more. 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.

KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18

Less Than 1/4 Acre Lot, Interior Lot, Less Than 1 Acre, West Of US 1, Fenced

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. Rental Income can be used to help qualify for mortgage. Walk to intracoastal, marina, brewery, theater, pickleball, and more. 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.

City:Lake Park,Roof:1:Composition Roll,2:Shingle,View:1:Other Water View,Sewer:1:Public Sanitation,2:Sewer,View Y N:1,Zoning:R1 (city),Cooling:1:Wall/Window Unit(s),Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Flooring:1:Tile,Latitude:26.7977581,Cooling Y N:1,Heating Y N:1,List Price:750000,Listing Id:B26013374,Longitude:-80.0628878,Mls Status:Active,Utilities:1:Sewer Available,2:Water Available,Year Built:1945,High School:Palm Beach Gardens,Living Area:1732,Postal Code:33403,Street Name:Foresteria,Coordinates:1:26.7977581,Gross Income:97500,Lot Features:1:Interior Lot,2:Less Than 1 Acre,3:West Of US 1,4:Fenced,Photos Count:24,Business Type:1:Residential-Multi-Family,Days On Market:99,Listing Terms:1:Conventional,Lot Size Acres:0.14,Lot Size Units:Square Feet,M I A M I R E_ Area:5270,M L S Area Major:Kelsey City,On Market Date:2026-04-09,Parcel Number:36434220010180440,Property Type:Residential Income,Stories Total:1,Street Number:505,Street Suffix:Drive,Public Remarks: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. Rental Income can be used to help qualify for mortgage. Walk to intracoastal, marina, brewery, theater, pickleball, and more. 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.,County Or Parish:Palm Beach County,Documents Count:1,Expiration Date:2026-10-09,List Office Name:One Sotheby's International Realty,Standard Status:Active,Laundry Features:1:Washer Hookup,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3369,Property Sub Type:Quadruplex,Road Surface Type:1:Paved,State Or Province:FL,Subdivision Name:KELSEY CITY,Tax Annual Amount:11413,Total Actual Rent:97500,Unparsed Address:505 Foresteria Drive, Lake Park FL 33403,Exterior Features:1:None,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Road Frontage Type:1:City/County Maintained,2:Paved Road,3:City,4:U.S. Hwy,Year Built Details:Resale,Building Area Total:2325,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:6256,M I A M I R E_ L P Amt Sq Ft:433.0254,M I A M I R E_ Num Floors:1,Original List Price:750000,Building Area Source:Owner,I D X Participation Y N:1,Net Operating Income:83543,Number Of Units Total:4,Syndication Remarks: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. Rental Income can be used to help qualify for mortgage. Walk to intracoastal, marina, brewery, theater, pickleball, and more. 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.,Listing Contract Date:2026-04-09,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Elect Lockbox-Call List Agent,Showing Assist,Virtual Showing Available,Street Number Numeric:505,Tax Legal Description:KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18,M I A M I R E_ Current Price:750000,Middle Or Junior School:Howell L. Watkins,Construction Materials:1:Concrete Block Construction,2:Slab Construction,3:Stucco,M I A M I R E_ Municipal Code:36,M I A M I R E_ Num Leases Year:365,M I A M I R E_ Year Installed:1945,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 5270; 5280; 5290,M I A M I R E_ Main Living Area:Other Main Living Area,M I A M I R E_ Parcel Number M L X:3643,M I A M I R E_ Supplement Count:3,Contract Status Change Date:2026-04-09,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:1,M I A M I R E_ Acreage Description:1/4 Acre Or Less,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:365,M I A M I R E_ Agent Alternate Phone:561-323-1647,M I A M I R E_ Approx Sqft Total Area:6256,Internet Entire Listing Display Y N:1,M I A M I R E_ Multiple Offers Accepted Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:433.03,Internet Automated Valuation Display Y N:1,