520 S Main AVE, Lake Placid, FL 33852
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520 S Main AVE, Lake Placid, FL 33852
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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Santiago Martinez

Santiago Martinez

+1(305) 871-9669
$ 775,000
Est. payment /mo
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Active

520 S Main AVE Lake Placid, FL 33852

2,572 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 2,572 sqft

Price per Sqft $301

Subdivision Hoffmans Grove

MLS Listing ID B26021355

Style One Story,Fourplex

HOA Y/N No

Leases Per Year 1

Year Built 1982

Annual Tax Amount $5,611

Tax Year 2025

Property Sub-Type Condominium

Property 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

State FL

County Highlands

Community Hoffmans Grove

Area 5940 Florida Other

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Exterior Feature Other

Pool None

Utilities Available Other

Roof Type Metal

Private Pool No

Building

Story 1

Sewer Septic Tank

Water Public

Architectural Style One Story, Fourplex

Level or Stories One

Structure Type Block

Others

Pets Allowed No, No Pet Restrictions

Senior Community No

Restrictions No Restrictions

Tax ID P06373004002300170

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed No, No Pet Restrictions

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Transworld Realty Services Inc
Santiago Martinez

Santiago Martinez

Realtor

+1(305) 871-9669

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520 S Main AVE