561505 Foresteria Drive, Lake Park, FL 33403
$750,000
Property Type:
Residential Income
Square Footage:
2,325
Status:
Active
Current Price:
$750,000
List Date:
4/09/2026
Last Modified:
6/02/2026
Description
Fully leased quadplex with multifamily zoning (up to 10 units) in a high-growth Lake Park location. Immediate cash flow from day one with all units occupied, plus strong upside through future redevelopment or added density. Prime location just minutes to the Intracoastal, 8-10 minutes to Singer Island beaches, ~3 minutes to Publix, with quick access to US-1, I-95, and ~20 minutes to PBI Airport. High-demand rental corridor supports consistent occupancy and long-term appreciation. Stabilized income with built-in upside. Opportunities like this are limited.
Supplements: 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.
More Information MLS# B26013374
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-04-09
Status: Active
Original List Price: 750000
List Price: $750,000
Current Price: $750,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Park
Municipality Type: Incorporated
Municipal Code: 36
Postal Zip: 33403
Geographic Area: PB26
Subdivision Number: 1
Multiple Offers Accepted: Yes
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 505
Street Name: Foresteria
Street Suffix: Drive
State Or Province: FL
Postal Code: 33403
Postal Code +4: 3369
Subdivision Name: KELSEY CITY
Area: 5270
Elementary School: Lake Park
Middle Or Junior School: Howell L. Watkins
High School: Palm Beach Gardens
Parcel Number: 36434220010180440
Zoning: R1 (city)
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 1926
Living Area Main: 1732
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 4
Lot Size Area: 6256
Senior Community YN: No
Stories Total: 1
Stories: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 2325
Building Area Source: Owner
Year Built: 1945
Lot Size Acres: 0.14
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 11413
Tax Year: 2025
Tax Legal Description: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
Office/Member Information
DXORIGMLSID: RML
Exterior Features
None: 1
Flooring
Clay: 1
Tile: 1
Foundation Details
Concrete Perimeter: 1
Raised: 1
Slab: 1
Property Condition
Resale: 1
Special Information
Requirements Non Conforming Use: 1
Special Listing Conditions
Standard: 1
Documents Available
None: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Separate Electric Meters: 4
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Other: 1
Heating
Window/Wall: 1
Water Access
None: 1
Construction Materials
Block: 1
Stucco: 1
Wood Siding: 1
Laundry Features
Electric Dryer Hookup: 1
In Garage: 1
Inside: 1
Washer Hookup: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Interior Lot: 1
Other Equipment
Satellite Dish: 1
Road Frontage Type
West of US-1: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Shingle: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 13957
Gross Income: 78900
Net Operating Income: 64933
Source Of Expenses
Other: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Occupied: 1
Schedule Online: 1
Showing Service: 1
Main Living Area
Other Main Living Area: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Tax Reflects No Exemptions: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Water Softener Owned: 1
Unit 1 Details
Actual Rent: 2200
Baths Full: 1
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1400
Unit 1 Interior Features
Built-in Shelves: 1
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2027-01-30
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Washer/Dryer Hookups: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1550
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-12-31
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Open Parking: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1475
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272
Unit 3 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-06-30
Occupant Type: Tenant
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Details
Carport YN: No
Garage YN: No
Unit 3 Parking Features
Open Parking: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1350
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272
Unit 4 Lease Description
Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-12-31
Occupant Type: Tenant
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Details
Carport YN: No
Garage YN: No
Unit 4 Parking Features
Open Parking: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 433.02
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-04-09T19:05:12Z
Major Change Type: New Listing
Status Change Date: 2026-04-09
Originating Details
Originating System Key: 20260401152314723741000000
Originating System ID: M00000170
Property Features
Documents Available: None
Exterior Features: None
Flooring: Clay; Tile
Foundation Details: Concrete Perimeter; Raised; Slab
Property Condition: Resale
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity
Source Of Expenses: Other
Construction Materials: Block; Stucco; Wood Siding
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Window/Wall
Laundry Features: Electric Dryer Hookup; In Garage; Inside; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Interior Lot
Main Living Area: Other Main Living Area
Other Equipment: Satellite Dish
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: West of US-1
Road Surface Type: Paved
Roof: Composition; Shingle
Sewer: Public Sewer
Special Information: Requirements Non Conforming Use
Tax Information: City/County; Tax Reflects No Exemptions
Utilities: Electricity Connected; Sewer Connected; Water Connected
View: Other
Water Access: None
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent; Occupied; Schedule Online; Showing Service
Unit 1 Appliances: Range; Refrigerator; Water Softener Owned
Unit 1 Interior Features: Built-in Shelves
Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Open Parking
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Open Parking
Unit 3 Rooms: Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Open Parking
Unit 4 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Lead ›
Listing Office:
DJ & Lindsey Real Estate
Last Updated: June - 02 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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