REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Listed by Drew Bishop • Keller Williams Realty Fort Myers and the Islands

$ 2,500,000

Est. payment | -/mo

29 Beds

25 Baths

1.85 Acres Lot

Save Virtual Tour

$ 2,500,000

Est. payment | -/mo

Save Virtual Tour

29 Beds

25 Baths

1.85 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 324399

Style One Story

Bedrooms 29

Full Baths 25

Construction Status Resale

HOA Y/N No

Year Built 1960

Annual Tax Amount $17,975

Tax Year 2025

Lot Size 1.850 Acres

Acres 1.85

Property Sub-Type Apartment

Property Description

Prime investment opportunity on highly visible Highway 27 in Lake Placid! This 29-room property is currently operating as H2A housing and offers strong income potential with the capacity to accommodate up to 130 occupants. The building features a durable metal roof and has been updated with new split-unit HVAC systems in every room, providing efficient and comfortable climate control throughout. With excellent highway frontage and easy access, this property is ideal for continued workforce housing, hospitality conversion, or other income-producing uses. Its large occupancy capacity and recent upgrades make it a turnkey opportunity for investors seeking immediate cash flow in a growing area. Don't miss your chance to own a versatile, high-demand property in a prime location!

Location

State FL

County Highlands

Area 5165.000

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Plank, Vinyl

Fireplace No

Exterior

Pool None

Water Access Desc Public

Roof Type Metal

Building

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style One Story

Level or Stories One

Construction Status Resale

Others

Tax ID P-31-36-30-080-00F0-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/heartland/324399

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(863) 208-7600

salexander@seanalexander.net

Learn More About LPT Realty

517 Us 27 HWY N Lake Placid, FL 33852