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Listed by Ivan Barajas • KW Florida Living

$284,900

Est. payment - /mo

4 Beds

4 Baths

2,214 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,214 sqft

Price per Sqft $128

MLS Listing ID 330143

Style One Story

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1972

Annual Tax Amount $1,656

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Duplex

Property Description

GREAT INVESTMENT OPPORTUNITY IN LAKE PLACID! This spacious duplex features two 2-bedroom, 2-bathroom units, each offering approximately 1,100 square feet under air. The property features 8-gauge metal roofing, new windows, ceramic tile flooring throughout, spacious living areas, and a fenced outdoor area. LIVE IN ONE SIDE AND RENT OUT THE OTHER! This is a great opportunity for buyers looking to become homeowners while using rental income from the neighboring unit to help offset their monthly mortgage payment. Investors will also appreciate the potential to convert the property into four separate 1-bedroom, 1-bathroom apartments, subject to local zoning and approval. Conveniently located near downtown Lake Placid and directly behind the iconic Lake Placid Tower, which has been discussed for future renovation and revitalization. Potential improvements to this landmark could add to the area's appeal and long-term investment value. Whether you're looking for a primary residence with rental income or an investment property, this duplex offers plenty of possibilities!

Location

State FL

County Highlands

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Tile, Vinyl

Fireplace No

Exterior

Parking Features Carport, Two Spaces

Carport Spaces 1

Pool None

Water Access Desc Public

Roof Type Metal

Porch Front Porch, Open

Building

Entry Level One

Sewer Septic Tank

Water Public

Architectural Style One Story

Level or Stories One

Construction Status Resale

Others

Tax ID P-31-36-30-080-0020-0060

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/heartland/330143

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Nearby Locations

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Steven Anderson

+1(863) 664-8900

Broker License ID: BK3525802

603 Summit ST Lake Placid, FL 33852