Multi-Family Investment Property
SOLD November 2019 for $600,000
511 S. Pine Street, Lake Placid, Florida 33852
| Building Size | 9,200 Square Feet |
| Land Size | 1.03 Acres |
| Units | 15 |
| Zoning | R2 |
| Year Built | 1991 |
| Parcel ID # | P-06-37-30-040-0230-0010 |
Richards Apartments – Pine Street Cluster is a 15-unit multi-family community in Lake Placid, Highlands County Florida. The property consists of 5 single-story buildings, each comprised of three garden-style rental units. The property is sited on 1.03 acres, bounded by Plumosa Street, South Pine Street and Palmetto Street in the neighborhood between US27 & South Main Avenue.
- Value-added opportunity for the investor
- Multi-family investment property
- 100% leased
- Located between South Main and US27
- Well-kept attractive rental income property
- 15 single-story garden style apartment homes
- Area of projected population and income growth
- Below market rents
- Priced for Sale: $700,000 ($46,667 per unit)
Agent
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Office Phone: (813) 739-5700Mobile: (727) 271-1592Fax: (813) 739-5703
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.