Categories
Apartments
About this property
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)
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 9,200 sqft
- Land Size
- 1.03 acres
- Units
- 15
- Zoning
- R2
- Year Built
- 1991
- Parcel Id #
- P-06-37-30-040-0230-0010
Location
- Address
-
511 S. Pine Street
Lake Placid, Florida 33852