520 S Main Ave - Apartments FOR SALE


Lake Placid, FL 33852
$775,000 USD
954-605-4176
520 S Main Ave, Lake Placid, FL for Sale
$775,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

520 S Main Ave
Lake Placid, FL 33852


HIGHLIGHTS

  • 5 Unit Multifamily Building for Sale
  • Excellent Tenants
  • Great location in Lake Placid

OVERVIEW

5 Units!! Prime multifamily investment opportunity! Well maintained 5-unit multifamily property located in the heart of Lake Placid. This income producing asset features a strong unit mix of one 3 bedroom/1 bath, two 2 bedrooms/1 bath, and two 1 bedroom/1 bath appealing to a wide range of tenants. The property is easy to manage as tenants pay rent and send maintenance requests online, creating a streamlined, low-touch operation. Currently self managed by the owner and running efficiently. Freshly painted exterior. The building is topped with a durable metal roof and the use of window AC units helps keep maintenance simple and cost efficient. Rents are adjusted at renewal, providing upside for future income growth. Tenants Pay Electric. Owner Pays Water. Currently 2 tenants are on annual leases and 3 tenants are month to month.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

5

PRICE/UNIT

$155,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2

APN/PARCEL ID

P-06-37-30-040-0230-0170

ASK ABOUT THIS PROPERTY

Kim DonatoTransworld Realty Services IncMore Info
954-605-4176

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Kim DonatoTransworld Realty Services IncMore Info
954-605-4176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.