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About This Home
This 3-bedroom, 2-bathroom residential multi family at 16 E Hibiscus St in Lake Placid, FL is listed for $325,000 ($210 per sqft). Built in 1990, the home offers 1,544 sqft of living space on a 0.15 acres lot.
Great Investment Opportunity in the Heart of Lake Placid! This charming duplex is ideally located within walking distance to vibrant downtown Lake Placid, making it perfect for both investors and future homeowners. Each unit offers comfort and convenience, with high-impact windows, new A/C units, and a fully remodeled Unit 2.
Unit 1 is currently rented on a month-to-month lease, and both units are occupied, providing immediate rental income. Unit 1 is a 2 bedroom 1 bath. Unit 2 is a 1 bedroom 1 bath. Enjoy all that Lake Placid has to offer - a town known for its quaint Main Street filled with local shops, unique eateries, and the charm of small-town living.
Saturdays come alive with a bustling Farmers Market, perfect for strolling and soaking in the friendly community atmosphere. Known as the Caladium Capital of the World, Lake Placid celebrates its roots with the annual 3-day Caladium Festival, a summer favorite for both residents and visitors. Best of all, you're just a short 2-hour drive from either coast, making this a centrally located gem with so much to offer. Don't miss out on this income-producing property in one of Florida's most charming small towns!
Key Features
- Built in 1990
- 0.15 acre lot
Property Details
Monthly Cost Estimate
$1,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16 E Hibiscus St
Lake Placid, FL 33852
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 16 E Hibiscus St is listed at $325,000 ($210/sqft). The estimated monthly payment is $1,408 based on 20% down at 6.5% interest.
Key features include: Built in 1990, 0.15 acre lot.
This property is listed by Sara Pipal and can be reached at 8636591451 or spipal@thepipalgroup.com.
