520 S Main Avenue, Lake Placid FL 33852

Description

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.

This quadruplex home located at 520 S Main Avenue, Lake Placid FL 33852 is currently for sale and has been available on Brickellsold for 107 days. This property is listed at $755K. It has N/A beds, N/A bathrooms, and is 2572 square feet. It was built in 1982. 520 S Main Avenue, Lake Placid FL 33852 is in Lake Placid county Highlands County.