520 S Main Avenue, Lake Placid, FL 33852

Lake Placid
Local realty services provided by:Reliant Realty ERA Powered
520 S Main Avenue,Lake Placid, FL 33852
$755,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,572 sq. ft.
  • Multi-family
  • Active
Listed by: kimberly donato
Office: transworld realty services inc
MLS#:B26021355
Source:RMLS

Price summary

  • Price:$755,000
  • Price per sq. ft.:$293.55

About this home

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.

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Home facts

  • Year built:1982
  • Subdivision & Development:HOFFMANS GROVE
  • Listing ID #:B26021355
  • Added:110 day(s) ago
  • Updated:August 17, 2026 at 03:05 PM

Rooms and interior

  • Flooring:Laminate
  • Living area:2,572 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Metal
  • Year built:1982
  • Building area:2,572 sq. ft.
  • Construction Materials:Block
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$755,000
  • Price per sq. ft.:$293.55
  • Tax amount:$5,611 (2025)

Parking

  • Total parking spaces:10
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