520 S Main Avenue, Lake Placid FL 33852

For sale Days on market 142

$755,000

$294/sq ft

$20,000
Price Decreased

показать похожие

520 S Main Avenue, Lake Placid FL 33852

For sale Days on market 142

$755,000

$294/sq ft

$20,000
Price Decreased

Overview

Year Built

1982

Sqft

2572

Property Type

Quadruplex

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.

Property Details

MLS#

B26021355

Total Floor in Bldg

Address

520 Main S

City

Lake Placid

State/county

Zip/Postal Code

33852

Area

Hoffmans Grove

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,611

Maint Fee

$--

Tax Year

2025

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © MIAMI Association of REALTORS®, all rights reserved.