520 Main Avenue, Lake Placid, FL 33852
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Priced at Only: $775,000
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Address: 520 Main Avenue, Lake Placid, FL 33852
Property Location and Similar Properties
- MLS#: B26021355 ( Residential Income )
- Street Address: 520 Main Avenue
- Viewed: 17
- 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
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Description5 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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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: 17
- Zoning Code: C2
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Meadowlake Sub
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- Trudi Geniale, Broker
- Tropic Shores Realty
- Fax: 800.541.3688
- Mobile: 619.578.1100
- trudigen@live.com










