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.
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.
Lake Placid, FL 33852
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