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Wade M. Berlin

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Tropic Shores Realty
The Real Estate Professional You Deserve
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520 Main Avenue
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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
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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
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Welcome to your private country retreat in Lake Placid a rare opportunity to own 5 fully fenced, agricultural zoned acres in the gated community of South Bear Pointe near beautiful Lake Placid. This e

  1. Bedrooms: 3
  2. Baths: 3
  3. Approx. 3734 sqft
  4. Approx. 5.00 acres
  1. MLSID: O6383032
  2. Provided by 15 PROPERTIES
  3. Contact Brandon Boyes
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin