Transworld Realty Services Inc
Listed by Transworld Realty Services Inc
$775,000
520 S Main Avenue
Details
APN P06373004002300170
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,572
Units 4
Year Built 1982
Zoning C2
Multifamily | 4 Units
Marketing description
5 Units! 6.5-7.3% CapRate. See attached Offering Memorandum for Income/Expenses. 100% Occupied. Prime Multifamily Investment! Well-maintained 5-unit property located in the heart of Lake Placid. This income-producing asset features a strong unit mix: one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, and two 1-bedroom/1-bath units—appealing to a wide range of tenants. Property is easy to manage, tenants pay rent & send maintenance requests online, creating a streamlined, low-touch operation. Currently self-managed by owner & running efficiently. Fresh painted exterior. Building is topped w/ durable metal roof & use of window A/C units helps keep maintenance simple & cost-effective. Rents adjusted at renewal, providing built-in upside for future income growth.
Listing Contacts
Transworld Realty Services Inc
Listed by Transworld Realty Services Inc
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Zoning
C2 CommercialSpecial CommercialLimited Commercial
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View all 14 uses
View all 14 uses Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics
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