765 Lake June Rd Lake Placid, FL 33852
- Residential income homes
- 2,140 SF
- 15,000.00 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 765 Lake June Rd
- Year built
- 1964
- Lot size
- 15,000.00 lot acres
- Property size
- 2,140 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a stabilized, two-unit single-family home rental portfolio situated on a sprawling 15,000-square-foot lot in desirable Lake Placid, Florida. The property, boasting a combined 2,140 square feet of net rentable space, comprises two solid concrete block construction homes, each featuring recently updated roofs and air conditioning systems (2024). Currently operating at 100% occupancy with yearly leases generating a combined monthly rental income of $3,100, this portfolio offers a compelling 8.61% capitalization rate. The asking price is $400,000, translating to $200,000 per unit and $186.92 per square foot. The property is situated on Lake June Road, offering a prime location. Tenants are responsible for all utilities. Note that the ground lease is in place and expires July 14, 2025. This Class A property, built in 1964, presents a rare chance to acquire a high-performing rental portfolio in a sought-after Florida location. The current leases expire June 30, 2025 and July 14, 2025, providing immediate income and future lease renewal potential. This is a turnkey investment ideal for those seeking strong returns in the Florida real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Placid
- County
- Highlands
- State
- Florida
- Longitude
- -81.4011643
- Latitude
- 27.3242991
