PRICED AT ONLY: $775,000
Address: 520 Main Avenue, Lake Placid, FL 33852
Description
5 Units! Prime Multifamily Investment Opportunity! Well maintained 5 unit multifamily property located in the heart of Lake Placid. This income producing asset features a strong unit mix: one 3 bedroom/1 bath unit, two 2 bedroom/1 bath units, and two 1 bedroom/1 bath unitsappealing to a wide range of tenants. The property is easy to manage as tenants pay rent & send maintenance requests online, creating a streamlined, low touch operation. Currently self managed by the owner and running efficiently. Freshly painted exterior. The building is topped with a durable metal roof and the use of window A/C units helps keep maintenance simple and cost effective. Rents are adjusted at renewal, providing built in upside for future income growth.
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- MLS#: B26021355 ( Residential Income )
- Street Address: 520 Main Avenue
- Viewed: 26
- Price: $775,000
- Price sqft: $301
- Waterfront: No
- Year Built: 1982
- Bldg sqft: 2572
- Days On Market: 16
- Additional Information
- Geolocation: 27 / -81
- County: Highlands
- City: Lake Placid
- Zipcode: 33852
- Subdivision: Hoffmans Grove
- Provided by: Transworld Realty Services Inc
- DMCA Notice
Features
Building and Construction
- Exterior Features: Other
- Flooring: Laminate
- Roof: Metal
Eco-Communities
- Water Source: Public
Utilities
- Cooling: Wall/Window Unit(s)
- Heating: Window/Wall
- Pets Allowed: No
- Sewer: Septic Tank
- Utilities: Other
Finance and Tax Information
- Tax Year: 2025
Rental Information
- Tenant Pays: Electricity
Other Features
- Legal Description: 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
- Levels: One
- Parcel Number: P06373004002300170
- Views: 26
- Zoning Code: C2
Nearby Subdivisions
Childs Bay
Highland Estates
Highlands Park Est Sec F
Highlands Park Est Sec L
Highlands Park Est Sec P
Highlands Park Estate
Highway Park Add 03
Hoffmans Grove
Lake Blue Estates
Lake Blue Estates Sub
Lake June Pointe Ph 1
Lake Placed Shore
Lake Placid Sec 5
Lake Placid Waterway
Leisure Lakes
Leisure Lakes Sec 01
Leisure Lakes Sec 03
Leisure Lakes Sec 14
Meadowlake Sub
Not Applicable
Placid Lakes
Placid Lakes Sec 05
Placid Lakes Sec 07
Placid Lakes Sec 08
Placid Lakes Sec 10
Placid Lakes Sec 11 Rep
Placid Lakes Sec 19
Placid Oaks
Placid Ridge Estate Add 01
Rural Tracts
S 150 Ft Of N 600 Ft Of Se 14
Smoak Brothers Add
Sun N Lakes
Sun N Lk Lp Unit 15
Sunn Lakes Estates
Sylvan Shores
Sylvan Shores Estate Sec C
Temple Terrace Sub
Twin Lakes Estates
Vacation Est
Woeppel Landing
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- Baths: 3
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- Contact Brandon Boyes
- DMCA Notice
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
