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400 S PINE AVENUE

Recently Sold
$330,000

BTC: 3.11563657

ETH: 82.19178082

Sold on: 2023-10-16
33 days
5 bds
3 ba
2,079 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • LAKE PLACID • 33852 • Recently Sold

Facts and features

Type:
Residential
Parking:
No Data
Year Built:
1970
Lot:
0.26 Acres
Heating:
Central / Electric
Price/sqft:
$163
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Ninguno

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Exterior Features: Other

    Lot

    • Lot: 0.26 Acres

    Other Property Information

    • Parcel Number: P06373004001900120

    • Zoning: R2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: 1/2 Duplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Phone Available

  • Other financial information

    • Annual tax amount: $3,154

  • Source details

    • MLS ID: C7480171

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Direction Faces: West

    • Living Area: 2079

    • Water Source: Public

    • Lot Size Dimensions: 88 x 129

    • Subdivision Name: HOFFMAN GROVE 02

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KW PEACE RIVER PARTNERS