520 S Main Avenue, Lake Placid, FL 33852

Lake Placid
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
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:99 day(s) ago
  • Updated:August 06, 2026 at 02:47 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
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. 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. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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