Quadruplex in 520 S Main Avenue, Lake Placid, FL 33852 for sale with MLS# B26021355
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.
520 S Main Avenue, Lake Placid, FL 33852
- Price:
- $755,000.00
- Original List Price:
- $775,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $293.54
- Tenant Pays:
- Electricity
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- July 14, 2026 6:01 pm
- Other Special Conditions:
- Sold As-is
- Living Area:
- 2,572 Sqft
- Built-Up Area:
- 2,572 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Public Records
- Waterfront:
- No
- Exterior:
- Other
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Window/wall
- Year Built:
- 1982
- Roof:
- Metal
- Number of Units Total:
- 4
- Levels:
- One
- Construction Materials:
- CBS
- Flooring:
- Laminate
- Number of stories:
- 1
- Structure Type:
- Multi Family
- Number of Units in the Community or Building:
- 4
- Property Condition:
- Updated/remodeled
- Tax Annual Amount:
- $5,611.00
- Tax Year:
- 2025
- Property Tax Details:
- No Homestead
- Sewer:
- Septic Tank
- Utilities Available:
- Other
- Water Source:
- Public
- Subdivision Name:
- HOFFMANS GROVE
- Senior Community:
- No
- Restrictions:
- No Restrictions
- Leasing Permitted
- Documents Available:
- Rent Rolls, Deposit - Security, Copy Of Lease(s)
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- 2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
- Real Estate Folio Number (Parcel Number):
- P06373004002300170
- Zoning:
- C2
- Active on the market since:
- April 28, 2026
- Listing Agreement executed on:
- April 28, 2026
- Price change occurred on:
- July 14, 2026 6:01 pm
- Listing Status Last Changed On:
- April 28, 2026 7:35 pm
- Photos updated on:
- April 28, 2026 7:35 pm
- Last Modified:
- August 13, 2026 7:29 pm
- Courtesy of:
- Transworld Realty Services Inc
- Attribution:
- Not provided
- Street Name:
- Main
- Street Number:
- 520
- City:
- Lake Placid
- State:
- Florida
- Zip Code:
- 33852
- County:
- Highlands
- Latitude:
- N27° 17' 29.3''
- Longitude:
- W82° 38' 5.9''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- S
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 520 S Main Avenue, Lake Placid, FL 33852
