906 Foresteria Drive, Lake Park FL 33403

Discover a strong residential income opportunity in Palm Beach County with this well-positioned quadruplex in the KELSEY CITY subdivision. Built in 1973, 906 Foresteria Drive, Lake Park FL 33403 offers four separate units, each featuring two bedrooms and one bathroom. The property includes 3,384 square feet of living area on a generous 10,080-square-foot lot.
All four units are currently rented below market value, creating meaningful potential for increased rental income. Three units have already been renovated, while the fourth offers an attractive value-add opportunity. Current gross income is $6,550 per month, or $78,600 annually. Tenants pay their own electric, while the owner covers water, common-area electricity, and landscaping.
A shared laundry area includes a washer and dryer, with the possibility of converting it to coin-operated laundry for an additional income stream. The property is zoned PADD, Park Avenue Downtown District, with multiple permitted uses. Pets are allowed. Cooling is provided by individual central air conditioning; there is no heating system. Exterior details are listed as Other.
The home is located near Howell L. Watkins Middle School and Palm Beach Gardens High School. South Florida living brings warm weather, beautiful beaches, outdoor activities, vibrant entertainment, and convenient infrastructure, making the area appealing to both residents and tenants.
The property is tenant occupied. Please do not disturb the tenants. Buyer should independently verify all information and zoning.
For details or to schedule a discreet conversation, call or text WhatsApp at +1 786.468.4380.