520 S Main AVE, Lake Placid, FL 33852
520 S Main AVE, Lake Placid, FL 33852
520 S Main AVE, Lake Placid, FL 33852
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Team At The Comerford Group

Team At The Comerford Group

+1(941) 586-3229
$755,000
Est. payment /mo
2,572 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,572 sqft

Price per Sqft $293

Subdivision Hoffmans Grove

MLS Listing ID B26021355

Construction Status Updated/Remodeled

HOA Y/N No

Total Fin. Sqft 2572

Year Built 1982

Annual Tax Amount $5,611

Tax Year 2025

Property Sub-Type Quadruplex

Property 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.

Location

State FL

County Highlands

Area 5940 - Other Florida County

Zoning C2

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace No

Laundry None

Exterior

Exterior Feature Other

Utilities Available Other

Water Access Desc Public

Roof Type Metal

Accessibility None

Total Parking Spaces 10

Private Pool No

Building

Dwelling Type Multi Family

Story 1

Entry Level One

Sewer Septic Tank

Water Public

Level or Stories One

Structure Type Block

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Restrictions No Restrictions

Tax ID P06373004002300170

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Listed As-Is

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/520-S-Main-Avenue-Lake-Placid-FL-33852/unbranded

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BeachesMLS, Inc. (FLR) IDX
Listed by Kimberly Donato Transworld Realty Services Inc

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520 S Main AVE

Team At The Comerford Group
Team At The Comerford Group

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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