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Maureen Cool
RE/MAX Realty Plus
809 US 27 South

Sebring, FL 33870
863-873-7243

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Listing 8 out of 841
$2,500,000 For Sale

311 E Phoenix Street #325
Lake Placid, FL 33852

Multi Family Home
0.62 acres - MLS# 263800
Property Photo
1/36

Description

Richards Apartments is a 49-unit multifamily community in Lake Placid, Fl. The property consists of 17 single-story garden style buildings situated on a total of 3.88 acres. The complex is located in the neighborhood between US27 and S. Main Avenue in Lake Placid. Occupancy is currently 90% with many long-term tenants. Six buildings have new metal roofs and 25% of the units have been remodeled with new kitchens and bathrooms. The properties have a mix of unit types from a 3 bedroom/2 bath home, 1 bedroom/1 bath apartments to several efficiency units. The sites are within close proximity of each other, facilitating easy maintenance. Three coin laundries strategically located add to the appeal and net income of the property. Property includes two build-able lots for additional apartments and added income. Purchase includes parcels: P-06-37-30-010-0050-0010 and P-06-37-30-040-0230-0010.

Features

  • Property Type: Multi Family Home
  • Sub Type: Residential Apartments
  • Listing Status: Active
  • County/Area: Highlands County
  • Zip Code: 33852
  • Year Built: 1972
  • Style: Single Story
  • Stories: 1-Story
  • Bedrooms: 2
  • Full Baths: 1
  • Lot Size: 0.62 acres
  • Baths: 1
  • Construction Materials: Concrete Block
  • Cooling: Central Electric, See Remarks
  • Electricity: Duke Energy
  • Floors: Tile
  • Frontage Feet: 200
  • Heating: Central Electric
  • Lot Length Feet: 136
  • Lot Size Square Feet: 27200
  • Number Of Units In Community: 49
  • Road: Paved
  • Roof: Metal
  • Sewer YN: Yes
  • Stage Construction: Existing/Resale
  • Utility Type: Utility Room
  • Water Desc: Central
Courtesy of Bhhs Florida Properties Group

Maureen Cool

YOUR HIGHLANDS COUNTY REAL ESTATE EXPERT

RE/MAX Realty Plus

809 US 27 South, Sebring, FL 33870

Maureen: 863-873-7243
Office: 863-385-0077

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