Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2 Beds
1 Bath

$499,000

509 Washington Boulevard NE, Lake Placid FL, 33852

Built in1984
Property typeCondominium

Overview

Active

Listed Sep 5, 2026

Updated 2 weeks ago

INVESTMENT OPPORTUNITY – 4 REMODELED UNITS AVAILABLE! Two units are already tenant occupied, offering immediate rental income from day one. Located in the desirable Placid Lakes community of Lake Placid, FL, this multi-unit opportunity is ideal for investors looking to add turnkey, low-maintenance properties to their portfolio. Each unit has been completely remodeled and features 2 bedrooms, 1 bathroom, an open-concept living area, new flooring, updated fixtures, modern appliances, and stylish finishes throughout. The efficient layouts maximize space while offering comfortable, affordable Florida living that appeals to a variety of tenants. Conveniently located just minutes from downtown Lake Placid, residents enjoy easy access to restaurants, shopping, community events, lakes, and everything this charming small town has to offer. With four remodeled units available and two already rented, this is a great opportunity to acquire multiple income-producing properties at once. Purchase as a package and start building your rental portfolio immediately!

$3,320/mo

Est. mortgage payment based on a $499,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
327765

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$874
Tax Frequency
Annually