Move-In Ready 2BR/2BA
115 Tomoka Boulevard N Lake Placid, FL 33852
For Sale
$230,000
SINGLE_FAMILY - Lake Placid, FL
Property Size1,891 SF
Lot Size0.14 Acres
Price / SF$121.63
Days on Market280
Property Features for 115 Tomoka Boulevard N
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3FUD
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Garage
Pets allowed
Yes
Interior features
BB / HS Internet Available, Blinds, Cable TV Available, Cathedral Ceilings, Ceiling Fans
Exterior features
Central Irrigation, Fruit Trees, Stucco
Appliances
Dishwasher, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer
Standard status
Active
APN
C-25-36-29-140-0000-0250
Size
1,891 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
REPLAT PORT TOMOKA HEIGHTS SECS 2-3-4 + 5 PB 16-PG 23 NELY 60 FT M/L OF LOT 25
Tax Annual Amount
2966
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
2001
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS
(863) 385-0077
Listed By:
Laura Shirley · License #BK696960
(863) 441-4742
Added: Oct 22, 2025
Changed: Jul 23
Last Checked: Jul 28 at 12:06AM
MLS# 319198
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This move-in ready duplex offers two bedrooms and two bathrooms with tile flooring throughout, plus new carpet in both bedrooms. The interior was freshly painted, including the garage, with the exception of the guest bedroom and bath. Updates noted include a newer roof (2018) and an HVAC system (2021), along with a refrigerator, dishwasher, and garbage disposal. A 1-car garage is included, and the home also features an outdoor back porch that overlooks green space.
Located at 115 Tomoka Boulevard N in Lake Placid, Florida, the property is within Tomoka Heights, a 55+ gated community. The community amenities referenced include a clubhouse with activity rooms, a pool and hot tub, tennis courts, and a lakeside pavilion, along with landscaped grounds suitable for walking and meeting neighbors.
Zoned R3FUD, this is a low-maintenance duplex configuration designed for comfortable single-unit living within the community setting described.
Located at 115 Tomoka Boulevard N in Lake Placid, Florida, the property is within Tomoka Heights, a 55+ gated community. The community amenities referenced include a clubhouse with activity rooms, a pool and hot tub, tennis courts, and a lakeside pavilion, along with landscaped grounds suitable for walking and meeting neighbors.
Zoned R3FUD, this is a low-maintenance duplex configuration designed for comfortable single-unit living within the community setting described.
Key Highlights
- Move‑in ready 2BR/2BA duplex with a 1‑car garage in the Tomoka Heights 55+ gated community
- Newer roof (2018) and HVAC system (2021) for added peace of mind
- Tile flooring throughout plus new carpet in both bedrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $13.80 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $24.4k | $12.90 |
| − OpEx | −$7.3k | −$3.87 |
| NOI | $17.1k | $9.03 |
1,891 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.0K
$213.5K – $284.7K
NOI $17,080 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$226.7K
$198.4K – $264.5K
NOI $15,872 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$393.4K
$344.2K – $459.0K
NOI $27,539 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-kept duplex with a 1-car garage, newer roof and HVAC, and a tile interior in a 55+ gated community.
Where is this duplex located?
The property is located at 115 Tomoka Boulevard N Lake Placid, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Move‑in ready 2BR/2BA duplex with a 1‑car garage in the Tomoka Heights 55+ gated community; Newer roof (2018) and HVAC system (2021) for added peace of mind; Tile flooring throughout plus new carpet in both bedrooms
