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Multi-Family Investment Property

  SOLD November 2019 for $600,000

511 S. Pine Street, Lake Placid, Florida 33852

Building Size9,200 Square Feet
Land Size1.03 Acres
Year Built1991
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)

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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