NOT LISTED FOR SALE

311 E Phoenix St Unit 325 Lake Placid, FL 33852

2 Beds
1 Bath
-- Sq Ft
0.62 Acres

Last Sold November 28, 2019

Last sale price $2,300,000

183 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • 1-Story Property
  • Lake Placid Elementary School Rated 9+

About This Home

As of November 2019

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.

Last Agent to Sell the Property

Michael Garey

Re/max Champions License #3372222 Listed on: 05/15/2019

Re/max Champions

Last Buyer's Agent

Tom Barrett

INACTIVE License #3394320

INACTIVE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,551

Year Built

  • Built in 1972

Lot Details

  • 0.62

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 0.62 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 49 Units

Listing and Financial Details

  • Assessor Parcel Number P-06-37-30-010-0040-0090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,551

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.62
  • Road Surface Type: Paved
  • Directions: Heading South at Interlake Blvd and Hwy 27, Take R at E Phoenix Street, Office is on the R
  • Architectural Style: One Story
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1972
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Tile

Exterior Features

  • Construction Type: Block, Concrete
  • Property Condition: Resale
  • Roof: Metal

Utilities

  • Cooling: Central Air, Electric, See Remarks
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 27200.0
  • Additional Parcels Description: ,,
  • Parcel #: P-06-37-30-010-0040-0090
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 49
  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 1551.0
  • Tax Year: 2017

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2019 11/28/19 Sold $2,300,000 -15.4% --
11/15/2019 11/15/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $2,720,000 -- --
Source: Heartland Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Garey

    Seller's Agent in 2019

    Michael Garey

    RE/MAX

    149 Total Sales

    Michael Garey
    Section Image
  • Tom Barrett

    Buyer's Agent in 2019

    Tom Barrett

    INACTIVE

    (863) 875-4106

    421 Total Sales

    Tom Barrett
    Section Image
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Map

Source: Heartland Association of REALTORS®

MLS Number: 263800

Heartland Association of REALTORS®
Florida Highlands County Lake Placid 33852

311 E Phoenix St Unit 325, Lake Placid, FL

Not Listed for Sale

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Heartland Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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