Property Description

Welcome to a golden investment opportunity in the heart of Lake Placid! This income-producing property offers the best of both worlds – a spacious 3-bedroom, 2-bathroom unit on one side and a cozy 2-bedroom, 1-bathroom unit on the other. Currently, the 3/2 unit is generating a steady stream of $1,400 per month in rent, while the 2/1 unit shines as a flourishing AirBNB, boasting an average monthly rental income of $1,200. With separate electric and water meters, the flexibility here is unmatched. The recently replaced HVAC system in 2022 ensures efficiency and peace of mind. Although there are no issues, the seller is offering up to $10,000 at closing towards the replacement of the roof (with an approved offer), adding extra value to this incredible deal.

Features
: Central, Electric
: Central Air
: Other
: Tile
: Ninguno
: Public Sewer
: Cable Available, Electricity Available, BB/HS Internet Available, Phone Available
Appliances
: Refrigerator, Range
Address Map
US
FL
Highlands
Lake Placid
HOFFMAN GROVE 02
33852
PINE
400
AVENUE
W82° 38' 5.8''
N27° 17' 35.7''
West
US Hwy 27 S Sebring, FL 33875 Head south on US Hwy 27 S toward FL-66 W 10.6 mi Turn right onto E Phoenix St 0.4 mi Turn left onto S Pine S The destination will be on the left 108 ft 400 S Pine S Lake Placid, FL 33852
33852 - Lake Placid
S
R2
Additional Information
88x129
: Public
https://www.propertypanorama.com/instaview/stellar/C7480171
1
2023-09-07
: One
: Slab
: Concrete
11325
Financial
3153.69
Listing Information
262501245
274501116
Sold
2023-10-17T12:24:08Z
Stellar
: None
2023-10-17T12:23:44Z

Residential For Sale

400 S Pine Avenue, Lake Placid, Florida 33852

5 Bedrooms
3 Bathrooms
2,079
$339,900
Listing ID #C7480171
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : C7480171
Price : $339,900
Bedrooms : 5
Bathrooms : 3
Square Footage : 2,079
Year Built : 1970
Lot Area : 0.26 Acre
Office Name : KW PEACE RIVER PARTNERS
Agent Name : Cullen Wheeler
Full Bathrooms : 3
Property Sub Type : Half Duplex
Roof : Shingle
Listing Status : Closed
Agent info
Contact Agent