$999,900
Active
14d
$999,900
119 Lincoln Rd
Lake Placid, FL 33852
0 sqft
Placid Lakes Sec 11 Rplt
$775,00058 days on marketActive
520 S Main Avenue, Lake Placid, FL 33852
Lake Placid, FL 33852
2,572
Sq Ft
$301
$/Sq Ft
1982
Year Built
Listing Snapshot
| List Price | $775,000 |
| Price / Sq Ft | $301 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 2,572 sqft |
| Year Built | 1982 |
| Property Tax | $5,611/yr |
| MLS # | 1158647079 |
| Status | Active |
| Days on Market | 58 |
About This Home
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.
General Features
- Property Type
- ResidentialIncome
- Sub-type
- Quadruplex
- Stories
- 1
- Parking Spaces
- 10
- Zoning
- C2
- Utilities
- Other
- Subdivision
- HOFFMANS GROVE
Interior Features
- Flooring
- Laminate
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
- Laundry
- None
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Roof
- Metal
- Pool
- No
- Waterfront
- No
Community Features
- MLS Area
- 5940 - Other Florida County
Map
Virtual Tour
View Virtual TourListed by Kimberly Donato · Transworld Realty Services Inc
MLS# 1158647079 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1158647079 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $620,000
%
Est. Monthly$4,697
Principal & Interest$4,229
Property Tax$468
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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