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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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520 S Main Ave , Lake Placid, FL 33852
$755,000
Est. Payment: $1,677.78/mo
8 Bed
4 Bath
2572 Sqft
Status: Active | Days on site: 142
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FLL4283 - FLL276612021
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Kimberly Donato , 954-605-4176 Transworld Realty Services Inc , 954-718-2121.

Property Type

Multi-Family

Year Built

1982

County

Highlands

Area

5940 Florida Other

 Neighborhood

Hoffmans Grove

Listing ID

B26021355

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Zoning:C2
Roof:Metal
Sewer:Septic Tank
Principal Interest
$1,678
Taxes
$468

Home Price

$755,000

Loan Details

30 yrs
%

Down Payment

20%
$151,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,677.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,677.78 $467.58 $0.00 $2,145.36
Yearly $20,133.33 $5,611.00 $0.00 $25,744.33
Total $604,000.00 $168,330.00 $0.00 $772,330.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lake Placid, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.