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Property view

520 S Main Avenue, 
Lake Placid, FL 33852

$1,140,000


25

Beds


13

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Tom Barrett

Bought with RE/MAX REALTY PLUS

RE/MAX Realty Plus

863-385-0077

MLS#

293482

Source:

FL HAR

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About This Home

520 S Main Avenue

Multi-Unit Investment Portfolio rented at 100% occupancy. Seller is offering a $25,000 credit with a full price offer to be applied to closing costs or property upgrades. This package consists of one 5plex and four duplexes totaling 13 units. The mix is one 3 bedroom / 1 bath, two 1 bedroom / 1 bath, and ten 2 bedroom / 1 baths. All units are currently occupied with tenants on a 12 month lease. All buildings are concrete block with metal roofs. Owner pays for water and tenants pay for electric. Located in the heart of Lake Placid just off S. Main Street and within walking distance of the Lake Placid schools. Listing price is calculated at a CAP Rate of 8.16% based off current expenses. Financial information available with executed Confidentiality Agreement. Do not disturb tenants. Interior showings only during due diligence period.

Home Facts

Multi-Family

13 Baths

25 Bedrooms

Built in 1982

Price Summary

1,299,000

MLS #:

293482

Sold:

May 31, 2023


Rooms & Interior

Bedrooms

Total Bedrooms:

25

Bathrooms

Total Bathrooms:

13

Full Bathrooms:

13


Structure

Structure

Year Built:

1982


Lot

Lot Size (Sq. Ft):

27,442


Finances & Disclosures

Finances

Price:

$1,299,000

Source:FL HAR
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