BEDS0
BATHS
SQUARE FEET2,572
MLS#B26021355
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHOFFMANS GROVE
Property Description
5 Units! 6.5-7.3% 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, providing built-in upside for future income growth.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Window/Wall
Roof Type: Metal
Stories: 1.0
Taxes: $5,611
Year Built: 1982
Amenities
Other
Feature Descriptions
Days on Site: 61
Exterior: CBS
Flooring: Laminate
Laundry: None
Parcel#: P06373004002300170
Pets Allowed: No
Restrictions: No Restrictions
Sewer: Septic Tank
SQFT Living: 2572
Structure Type: Multi Family
Units: 4
Utilities: Other
Utilities: Other
Water: Public
Listed By / Shown By
Listed By
Agency Name: Transworld Realty Services Inc
Agency Phone: 954-718-2121
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
Estimate Your Payment
Estimated Payment
$ 2,418.44 per month $1,724.81 Principal & Interest $467.58 Property Tax $226.04 Homeowner's Insurance
520 S Main Avenue | MLS# B26021355
This multi-family property located at 520 S Main Avenue, Lake Placid, FL 33852 is currently listed for sale with an asking price of $775,000. Search Lake Placid real estate on www.realty100.com today.