Five-Unit Apartment
520 S Main Avenue Lake Placid, FL 33852
520 S Main Avenue, Lake Placid, FL, 33852
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For Sale
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Well-maintained five-unit building with a mix of 3-, 2-, and 1-bedroom apartments.
Property Size2,572 SF
Price / SF$301.32
Days on Market81
Property Features for 520 S Main Avenue
General Information
- Standard status
- Active
- Size
- 2,572 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing agency
Transworld Realty Services Inc
Listed by
Kimberly Donato · License #BK3040450
Source
Crexi
Added: May 4 Updated: Jul 22 at 5:22PM Checked: Jul 22 at 5:22PM
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Investment Insights
Based on property information with market context.
This well-maintained five-unit apartment building features a unit mix designed for broad tenant appeal, including one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. The property is currently 100% occupied, and the owner is self-managing operations. Tenants pay rent and submit maintenance requests online, supporting an efficient, low-touch management workflow. The exterior has been freshly painted, and the building is topped with a durable metal roof. Individual window A/C units are also in place.
The property is located at 520 S Main Avenue in Lake Placid, Florida.
Rents have been adjusted at renewal, and the offering materials include income and expense details available in the attached Offering Memorandum.
The property is located at 520 S Main Avenue in Lake Placid, Florida.
Rents have been adjusted at renewal, and the offering materials include income and expense details available in the attached Offering Memorandum.
Key Highlights
- Well‑maintained 5‑unit multifamily building built in 1982
- Unit mix includes one 3BD/1BA, two 2BD/1BA, and two 1BD/1BA apartments
- 100% occupied and income‑producing per attached offering memorandum (see Income/Expenses)
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FAQs
What type of property is this?
Apartment building - Well-maintained five-unit building with a mix of 3-, 2-, and 1-bedroom apartments.
Where is this apartment building located?
The property is located at 520 S Main Avenue Lake Placid, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Well‑maintained 5‑unit multifamily building built in 1982; Unit mix includes one 3BD/1BA, two 2BD/1BA, and two 1BD/1BA apartments; 100% occupied and income‑producing per attached offering memorandum (see Income/Expenses)
