CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
520 Main Avenue, Lake Placid, FL 33852
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  • MLS#: B26021355 ( Residential Income )
  • Street Address: 520 Main Avenue
  • Viewed: 19
  • Price: $775,000
  • Price sqft: $301
  • Waterfront: No
  • Year Built: 1982
  • Bldg sqft: 2572
  • Days On Market: 14
  • Additional Information
  • Geolocation: 27 / -81
  • County: Highlands
  • City: Lake Placid
  • Zipcode: 33852
  • Subdivision: Hoffmans Grove
  • Provided by: Transworld Realty Services Inc
  • DMCA Notice
  • 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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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: 19
  • Zoning Code: C2
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  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com