Drea Mize - Logo
$755,000
 $4,053 est/mo Sourced by Back At You

520 S Main Avenue,Lake Placid, FL 33852

Lake Placid, FL 33852

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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.

Details

MLS #B26021355
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1982
Days On Site135
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 Other Florida County
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:
135
low | high
Med:
135
100% of Average
Sourced by Back At You

Market Activity 33852

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Additional Information

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Drea Mize

Drea Mize

Premier Florida Realty

 (317) 850-9320dreatakesonswfl@gmail.com
StateFL
CountyHighlands
CityLake Placid
Zip Code33852
Area5940 Other Florida County
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:
135
low | high
Med:
135
100% of Average
Sourced by Back At You
Listing Updated: August 26, 2026 at 4:09:23 AM PDT

Drea Mize -