520 S Main Avenue, Lake Placid, FL 33852

Description of 520 S Main Avenue, Lake Placid, FL 33852

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 for 520 S Main Avenue, Lake Placid, FL 33852

Heating

Window/Wall

Cooling

Wall/Window Unit(s)

Architectural Style

One Story

Pool Private

No

Year Built Details

Newly Updated/Renovated

Property Condition

Substantially Remodeled, Updated/Remodeled, Completely Renovated

Building Information for 520 S Main Avenue, Lake Placid, FL 33852

Building Area Total

2572

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Pets Allowed

No, Yes

Property Information for 520 S Main Avenue, Lake Placid, FL 33852

Lot Features

Septic

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Metal, Metal Roof

Exterior Features

Other

Sewer

Septic Tank

Water Source

Public

New Construction

No

Public Records for 520 S Main Avenue, Lake Placid, FL 33852

Parcel Number

P06373004002300170

Tax Annual Amount

$5,611

Tax Year

2,025

Tax Legal Description

2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23

Zoning

C2

County Or Parish

Highlands County

Location