Lake Placid Income-Producing
139 Serenity Ave, Lake Placid, FL 33852
Multi-Unit (2-4), Bungalow,Duplex - Lake Placid, FL
Property size:
1,568 SFLot size:
0.17 AcresPrice / SF:
$133/SF- Added:
- Apr 24, 2026
- Days on Market:
- 29
- Last Refresh:
- May 22 at 11:06 pm
Property Features for 139 Serenity Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
- Parking features
- Garage
- Interior features
- Laundry
- Appliances
- Dryer, Microwave, Refrigerator
- Standard status
- Active
- APN
- P-36-36-29-210-00C0-0240
- Size
- 1,568 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1408
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Year renovated
- 1977
- Roof type
- Asphalt
- Architectural style
- Bungalow
Listing agent Elena Silva, P.A.
Listing office The Pipal Group 433 S Pine St, Sebring, FL
Listing date Apr 24, 2026
MLS# 11736394
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent income‑producing duplex in the heart of Lake Placid with immediate cash flow.
- Brand new roof installed in 2024, reducing future capital expenses.
- Two spacious 2BR/1BA units with comfortable layouts.
- In‑unit laundry for tenant convenience.
- Private enclosed back porch for each unit.
- Tenant‑occupied on a month‑to‑month basis, offering flexibility for rent increases or owner occupancy.
Overview
Located in Lake Placid, Florida, this duplex presents an income-producing opportunity. The property features two units, each with two bedrooms and one bathroom, totaling four bedrooms and two bathrooms. Each unit has in-unit laundry and a private enclosed back porch. A new roof was installed in 2024. Both units are currently tenant-occupied on a month-to-month basis, providing immediate cash flow. The property is being sold in 'AS IS' condition. The building has a total area of 1568 square feet and is situated on a 0.17-acre lot. This duplex is suited for investors seeking steady income or owner-occupants looking to offset their mortgage.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$157.4K
NOI $14,162 @ 9.00% cap · cautious / downside scenario
Moderate
$202.3K
NOI $14,162 @ 7.00% cap · market / base-case scenario
Aggressive
$283.2K
NOI $14,162 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $13.80 |
| − Vacancy | −$1.4k | −$0.90 |
| EGI | $20.2k | $12.90 |
| − OpEx | −$6.1k | −$3.87 |
| NOI | $14.2k | $9.03 |
1,568 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$202.3K
$177.0K – $236.0K
NOI $14,162 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$188.0K
$164.5K – $219.4K
NOI $13,161 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.36916
- Latitude
- 27.301093
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex with new roof in Lake Placid, Florida.
Where is this duplex located?
The property is located at 139 Serenity Ave Lake Placid, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Excellent income‑producing duplex in the heart of Lake Placid with immediate cash flow.; Brand new roof installed in 2024, reducing future capital expenses.; Two spacious 2BR/1BA units with comfortable layouts.
