Lake Placid, FL 33852 520 S Main Avenue
$775,000
3 more
Presented By: Transworld Realty Services Inc
SQFT • 2,572
Home Details
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.
Presented By: Transworld Realty Services Inc
Interior Features for 520 S Main Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
General for 520 S Main Avenue
AccessibilityNone
CityLake Placid
Construction MaterialsBlock
CoolingWall/Window Unit(s)
CountyHighlands
Gross Income62400
HeatingWall Furnace
Legal Description2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
LevelsOne
MLS Area5940 - Other Florida County
New ConstructionNo
Number Of Units Total4
Pets AllowedNo
PossessionClose Of Escrow
PostalCityLake Placid
Property ConditionUpdated/Remodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
RoofMetal
Senior Community Y/NNo
SewerSeptic Tank
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameHOFFMANS GROVE
Tax Annual Amount5611
Tax Year2025
Tenant PaysElectricity
UtilitiesOther
Virtual TourClick here
Year Built1982
Exterior for 520 S Main Avenue
Building Area Total2572
Exterior AmenitiesOther
Total Parking10
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Ken & Robin - The Q Team
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