Lake Placid, FL 33852,400 S PINE AVE
Lake Placid, FL 33852,400 S PINE AVE
Lake Placid, FL 33852,400 S PINE AVE
46
$330,000
$339,900
2.9%
Est.Price: ?

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5 BD
3 BA
2,079 SqFt

400 S PINE AVE Lake Placid, FL 33852

Est. payment /mo
SOLD DATE : 10/16/2023

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Key Details

Sold Price $330,000

Property Type Single Family Home

Sub Type Half Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,079 sqft

Price per Sqft $158

Subdivision Hoffman Grove 02

MLS Listing ID C7480171

Sold Date 10/16/23

Bedrooms 5

Full Baths 3

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1970

Annual Tax Amount $3,153

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 88x129

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.

Location

State FL

County Highlands

Community Hoffman Grove 02

Zoning R2

Interior

Interior Features Ninguno

Heating Central, Electric

Cooling Central Air

Flooring Tile

Fireplace false

Appliance Range, Refrigerator

Exterior

Exterior Feature Other

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Phone Available

Roof Type Shingle

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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Stellar MLS
Listed by KW PEACE RIVER PARTNERS
Bought with KW PEACE RIVER PARTNERS

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Valbona Gjoligaj

Agent | License ID: SL3516934

+1(347) 217-0374

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