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Sara Ackley

sara.ackley@engelvoelkers.com +1(954) 854-5424

$ 775,000

Est. payment -/mo

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520 S Main AVE Lake Placid, FL 33852

2,572 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,572 sqft

Price per Sqft $301

Subdivision Hoffmans Grove

MLS Listing ID B26021355

Construction Status Updated/Remodeled

HOA Y/N No

Total Fin. Sqft 2572

Year Built 1982

Annual Tax Amount $5,611

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

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: 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. The property is easy to manage as tenants pay rent & 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 A/C units helps keep maintenance simple and cost-effective. Rents are adjusted at renewal, providing built-in upside for future income growth.

Location

State FL

County Highlands

Area 5940 - Other Florida County

Zoning C2

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace No

Laundry None

Exterior

Exterior Feature Other

Utilities Available Other

Water Access Desc Public

Roof Type Metal

Total Parking Spaces 10

Private Pool No

Building

Dwelling Type Multi Family

Story 1

Entry Level One

Sewer Septic Tank

Water Public

Level or Stories One

Structure Type Block

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Restrictions No Restrictions

Tax ID P06373004002300170

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Listed As-Is

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/520-S-Main-Avenue-Lake-Placid-FL-33852/unbranded

Listed by Kimberly Donato Transworld Realty Services Inc

NEARBY SCHOOLS & PROPERTIES

Sara Ackley

Advisor

+1(954) 854-5424

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