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520 S Main Avenue, Lake Placid, FL 33852 (MLS# B26021355)

520 S Main Avenue, Lake Placid, FL 33852

New Listing
$775,000
Property Type: Residential Income Square Footage: 2,572 Status: Active
Current Price: $775,000 List Date: 4/28/2026 Last Modified: 4/28/2026

Overview

Description

5 Units! Prime Multifamily Investment Opportunity! Well-maintained 5-unit multifamily 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. The property is easy to manage as tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by the owner and running efficiently. Freshly painted exterior. The building is topped with a durable metal roof and the use of window A/C units helps keep maintenance simple and cost-effective. Rents are adjusted at renewal, providing built-in upside for future income growth.

Listing Details MLS# B26021355

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
2572
Building Area Source
Public Records
Living Area Main
2572
Living Area Source
Public Records
Accessibility Features YN
No
Year Built
1982
Parking Total
10
Gated Community YN
No
Senior Community YN
No
Stories Total
Yes
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Deposit - Security; Rent Rolls Exterior Features: Other Flooring: Laminate Property Condition: Updated/Remodeled Special Listing Conditions: Standard Structure Type: Multi Family Tenant Pays: Electricity Construction Materials: CBS Cooling: Wall/Window Unit(s) Heating: Window/Wall Laundry Features: None Levels: One Listing Terms: Cash; Conventional Pets Allowed YN: No Possession: Close Of Escrow Restrictions: No Restrictions Roof: Metal Sewer: Septic Tank Special Information: Sold As-Is Tax Information: No Homestead Utilities: Other Water Source: Public Showing Requirements: Call Listing Agent; Text Listing Agent; See Remarks Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Other Equipment Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Other Equipment Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Other Equipment Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Kitchen

Contract Information

Comp Sale YN
No
Original List Price
775000
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Highlands
Street Number
520
Street Direction Prefix
S
Street Name
Main
Street Suffix
Avenue
State Or Province
FL
Postal Code
33852
Subdivision Name
HOFFMANS GROVE
Area
5940 - Other Florida County
Geographic Area
Other
Special Assessment YN
No
Parcel Number
P06373004002300170
Zoning
C2

Financial Information

Master Association YN
No
Tax Annual Amount
5611
Tax Year
2025
Tax Legal Description
2ND SUB HOFFMANS GROVE SLY 1/4 OF LOT 17 + ALL LOTS 18-19-20 BLK 23
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-04-28T19:35:41Z
Major Change Type
New Listing
Status Change Date
2026-04-28

More Information

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
5
Separate Gas Meters YN
No
Separate Water Meters YN
No

Income and Expenses

Gross Income
62400

Showing Details

Pet(s) on Premises
No
Showing Contact Phone
9546054176
Showing Instructions
Call or Text Listing Agent for Showing Instructions- Kim 964-605-4176

Unit 1 Details

Actual Rent
1300
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
650

Unit 1 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2026-12-31
Occupant Type
Tenant

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
1050
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
525

Unit 2 Lease Description

Currently Leased YN
Yes
Lease Term
Month To Month
Lease Expiration
2028-12-31
Occupant Type
Tenant

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Actual Rent
1050
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
525

Unit 3 Lease Description

Currently Leased YN
Yes
Lease Term
Month To Month
Lease Expiration
2028-12-31
Occupant Type
Tenant

Unit 3 Parking Details

Carport YN
No
Garage YN
No

Unit 4 Details

Actual Rent
950
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
475

Unit 4 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-01-31
Occupant Type
Tenant

Unit 4 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
301.32

Originating Details

Originating System Key
20260423181423020220000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Exterior Features

Other
Yes

Flooring

Laminate
Yes

Property Condition

Updated/Remodeled
Yes

Special Information

Sold As-Is
Yes

Special Listing Conditions

Standard
Yes

Documents Available

Copy Of Lease(s)
Yes
Deposit - Security
Yes
Rent Rolls
Yes

Structure Type

Multi Family
Yes

Tenant Pays

Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Septic Tank
Yes

Utilities

Other
Yes

Heating

Window/Wall
Yes

Construction Materials

CBS
Yes

Laundry Features

None
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Metal
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Call Listing Agent
Yes
Text Listing Agent
Yes
See Remarks
Yes

Pets Allowed YN

No
Yes

Restrictions

No Restrictions
Yes

Tax Information

No Homestead
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Other Equipment
Yes

Unit 1 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 1 Rooms

Kitchen
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Other Equipment
Yes

Unit 2 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 2 Rooms

Kitchen
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Other Equipment
Yes

Unit 3 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 3 Rooms

Kitchen
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Other Equipment

Other Equipment
Yes

Unit 4 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 4 Rooms

Kitchen
Yes
Listing Office: Transworld Realty Services Inc
IDX
Last Updated: April - 28 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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