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!
For sale
$325,000
16 E Hibiscus St, Lake Placid, FL 33852
3beds
1,544sqft
Est.:
Multi Family
Built in 1990
-- sqft lot
$-- Zestimate®
$210/sqft
$-- HOA
What's special
High-impact windows
- 54 days
- on Zillow |
- 175 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: July 06, 2025 at 02:39pm
Listed by:
612-404-8116,
The Pipal Group
Source: My State MLS,MLS#: 11327655
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Kitchen
- Features: Open, Granite Counters
Basement
- Area: 0
Heating
- Electric, Forced Air, Zoned
Cooling
- Central, Zoned
Appliances
- Included: Refrigerator, Microwave, Oven
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,544
- Total interior livable area: 1,544 sqft
- Finished area above ground: 1,544
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: Street
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: P06373004000300030
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Masonry - Concrete Block, Stucco Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Electric: Amps(0)
- Sewer: Private Septic
- Water: Municipal
Community & HOA
Community
- Subdivision: 1201.000 - LAKE PLACID SOUTH OF INTERLAKE AREA
HOA
- Has HOA: No
Location
- Region: Lake Placid
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $136,485
- Annual tax amount: $2,109
- Date on market: 7/6/2025
- Date available: 07/31/2024
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