520 Main ,One Story, Quadruplex, Fourplex, Hoffmans Grove for Sale

520 Main for Sale

Price $775,000.00

• Lot size 2572
• Year Build 1982
• Waterfront
• Zip 33852
• Style One Story
• Parking Description
• Pool Yes
• Status Active

Description

5 Units! 6.5-7.3% 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, providing built-in upside for future income growth.

2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23

Septic

5 Units! 6.5-7.3% 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, providing built-in upside for future income growth.

City:Lake Placid,Roof:1:Metal Roof,Zoning:C2,Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Latitude:27.2914675,Cooling Y N:1,Heating Y N:1,List Price:775000,Listing Id:B26021355,Longitude:-81.365023,Mls Status:Active,Utilities:1:Septic,2:Other,Year Built:1982,Living Area:2572,Postal Code:33852,Street Name:Main,Coordinates:1:27.2914675,Gross Income:62400,Pets Allowed:1:Yes,Photos Count:8,Business Type:1:Residential-Multi-Family,Days On Market:48,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:5940 Florida Other,M L S Area Major:Hoffmans Grove,On Market Date:2026-04-28,Parcel Number:P06373004002300170,Property Type:Residential Income,Stories Total:1,Street Number:520,Street Suffix:Avenue,Public Remarks:5 Units! 6.5-7.3% 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, providing built-in upside for future income growth.,County Or Parish:Highlands County,Documents Count:1,Expiration Date:2026-06-30,List Office Name:Transworld Realty Services Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:HOFFMANS GROVE,Tax Annual Amount:5611,Total Actual Rent:62400,Unparsed Address:520 S Main Avenue, Lake Placid FL 33852,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Newly Updated/Renovated,Building Area Total:2572,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:301.3219,M I A M I R E_ Num Floors:1,Original List Price:775000,Property Condition:1:Updated/Remodeled,2:Completely Renovated,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:5 Units! 6.5-7.3% 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, providing built-in upside for future income growth.,Listing Contract Date:2026-04-28,Originating System I D:miamire,Showing Instructions:See Broker Remarks,Call Listing Agent,Elect Lockbox-Call List Agent,Text Agent Phone Number,Street Number Numeric:520,Tax Legal Description:2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23,M I A M I R E_ Current Price:775000,M I A M I R E_ Num Leases Year:1,M I A M I R E_ Year Installed:1982,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Other Geographic Area (Out Of Area Only),M I A M I R E_ Parcel Number M L X:P063,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-04-28,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:1,M I A M I R E_ Agent Alternate Phone:954-605-4176,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:301.32,Internet Automated Valuation Display Y N:1,