520 S Main Avenue, Lake Placid, FL 33852
- $755,000
- 2,572
- SqFt
- List Price
- $755,000
- Price Change
- ▼ $20,000 1784070740
- MLS#
- B26021355
- Sq. Ft
- 2,572
- Subtype
- Quadruplex
- County
- Highlands
- Subdivision
- Hoffmans Grove
- Region
- 5940 - Other Florida County
- Year Built
- 1982
Property Description
5 Units! 6.7-7.5% CapRate. See attached Offering Memorandum for Income/Expenses. 100% Occupied. Prime Multifamily Investment! Well-maintained 5-unit 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 units—appealing to a wide range of tenants. Property is easy to manage, tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by owner & running efficiently. Fresh painted exterior. Building is topped w/ durable metal roof & use of window A/C units helps keep maintenance simple & cost-effective. Rents adjusted at renewal,built-in upside for future income growth. See OM & Income/Expenses attached.
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Additional Information
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Roof
- Metal
- Sewer
- Septic Tank
- Water
- Public
- Exterior Features
- Other
- Parking Spaces
- 10
- Flooring
- Laminate
- Construction
- Block
- Living Area
- 2,572
- Pets Allowed
- No
Listing courtesy of Transworld Realty Services Inc. Contact: