Home / Lake Placid / Hoffmans Grove / 520 Main
Active

520 Main

Hoffmans Grove, Lake Placid, FL 33852
$755,000
2,572 Sq Ft
Request Info View Location Similar Properties
33852 / Lake Placid / FL

Property Highlights

Active
Property Type Residential Income
Sub-Type Quadruplex
Living Area 2,572 Sq Ft
Year Built 1982
Community Hoffmans Grove
Cooling Wall/Window Unit(s)

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.

About This Residential Income in Lake Placid

This property is located in Hoffmans Grove, a community in Lake Placid, FL. People searching for properties in Lake Placid can use this listing page to review property details, photos, location, pricing, and nearby similar listings.

Property Information

Facts & Features

Listing Details
StatusActive
Property TypeResidential Income
Property Sub-TypeQuadruplex
Structure TypeMulti Family
MLS ID20260423181423020220000000
Interior
Bathrooms0.00
Living Area2,572 Sq Ft
CoolingWall/Window Unit(s)
HeatingWindow/Wall
Exterior
Stories1
Community & HOA
CommunityHoffmans Grove
CountyHighlands
Market Information
List Price$755,000
Days on Market118
Year Built1982
Location

Explore the Area

Property Address 520 Main

Lake Placid, FL 33852

Community Hoffmans Grove
County Highlands

Review the map location, nearby community context, and local property details for this Residential Income in Lake Placid.

More Nearby Options

Similar Investment Properties

Private Showing

Want to see this property in person?

Request more information, schedule a private showing, or ask AmPro Realty about similar properties in Lake Placid.