Lake Park, FL Multifamily Homes For Sale

Excellent investment opportunity featuring 4 units, each offering 2 bedrooms and 1 bathroom. All four units are currently rented below market value, providing potential for increased future rental income. Three of the four units have been renovated, while the remaining unit offers additional value-add potential. Current gross rental income is $6, 550 per month / $78, 600 annually. Tenants pay their own electric; owner pays water, common-area electric and landscaping. Common laundry area with washer and dryer, with potential to convert to coin-operated laundry for additional income. Zoned padd - park avenue downtown district with multiple permitted uses. Tenant occupied. Please do not disturb tenants. Buyer to verify all information and zoning.

Rare four-unit investment opportunity in the rapidly growing lake park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86, 400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the intracoastal waterway, singer island beaches, marina, brewery, theater, pickleball, 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, & outstanding investment. 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.

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.

Rare opportunity to own this special property consisting of 2 completely separate homes on the same lot. Great for long term rentals, short terms rentals or airbnb. Both homes were newly renovated in 2023 and feature: five year old roofs, new attic insulation, impact windows and doors, kitchens with quartz counters and stainless steel appliances, remodeled bathrooms, newer ac systems, newer water heaters, laminate flooring throughout and tiles in bathrooms. The front house is a 2/2 with a large bonus room, carport, and laundry room. The rear house is a 2/1 with a bonus room, laundry room and lots of privacy- it cannot be seen from the street. Carport, driveway, gravel area and 2nd driveway offer lots of parking. Property also has an rv hook-up. Rv does not convey.