520 S Main Avenue
$775,000
520 S Main Avenue, Lake Placid, FL 33852
2,572 sqft
Building Size
4
Units
Details:
Highlights:
- Lot Features: Septic
- Gross Income: 62400
- Bathrooms Total: 0
- Documents Available: Copies Of Lease(S)
- Architectural Style: One Story
- Cooling: Wall/Window Unit(s)
- Heating: Window/Wall
- Construction Materials: CBS Construction
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.
Location
Gallery
