520 S Main Avenue, Lake Placid, FL
Listing courtesy of Transworld Realty Services Inc (Kimberly Donato). Contact: [email protected].
About this property
5 Units! 6.7-7.5% 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,built-in upside for future income growth. See OM & Income/Expenses attached.
Property facts
- Sqft
- 2,572
- Year Built
- 1982
- Location
- Lake Placid, FL 33852
- County
- Highlands County
- FEMA flood zone
- Zone X, minimal risk
- Ground elevation
- 124.0 ft
- Hurricane evacuation zone
- Not in a designated evacuation zone
Sources: FEMA National Flood Hazard Layer (panel 12055C0386C, effective 2015-11-18), USGS 3DEP, Florida Division of Emergency Management. Checked 2026-10-12. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
Offering memorandum, rent roll and financials where the owner releases them. Tell us who you are and Anthony replies, usually within 1 hour.
Rent roll, cap rate, zoning, tours, off-market alternatives. Leave your email and Anthony replies, usually within 1 hour.
Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.
Listing data courtesy of Miami REALTORS® / Southeast Florida MLS. This site is operated by Anthony Conners, Atlantic Commercial Advisors, KW Commercial. Atlantic Commercial Advisors is not the listing broker unless stated.
Listing data last updated Sep 17, 2026, 12:56 PM ET.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS.
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