Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$755,000
 $4,053 est/mo Sourced by Back At You

520 S Main Avenue,Lake Placid, FL 33852

Lake Placid, FL 33852

Share:

PreviousNext

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 unitsappealing 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.

Details

MLS #B26021355
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1982
Days On Site124
Listing Provided ByTransworld Realty Services Inc | Kimberly Donato

Features

SQ Feet2,572
Story(s)1
Units4
ZoningC2

Taxes

Tax Annual Amount5611

Area Information

StateFL
CountyHighlands
CityLake Placid
Zip Code33852
Area5940 Florida Other
SubareaOther Geographic Area (Out Of Area Only)
Community NameHOFFMANS GROVE
Listing VS Median (in HOFFMANS GROVE)
Price:
$755,000
low | high
Med:
$755,000
50% of Average
sqft:
2,572
low | high
Med:
2,572
50% of Average
$ / sqft:
$294
low | high
Med:
$294
50% of Average
On site:
124
low | high
Med:
124
100% of Average
Sourced by Back At You

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Preferred Properties International Realty II at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®

Contact

Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyHighlands
CityLake Placid
Zip Code33852
Area5940 Florida Other
SubareaOther Geographic Area (Out Of Area Only)
Community NameHOFFMANS GROVE
Listing VS Median (in HOFFMANS GROVE)
Price:
$755,000
low | high
Med:
$755,000
50% of Average
sqft:
2,572
low | high
Med:
2,572
50% of Average
$ / sqft:
$294
low | high
Med:
$294
50% of Average
On site:
124
low | high
Med:
124
100% of Average
Sourced by Back At You
Listing Updated: August 24, 2026 at 10:56:48 AM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc