1105-1111 JOHNSON ST, LEESBURG, FL, 34748
$850,000
Residential Income
|
Living Area
5,071 Sqft
|
Lot Size
42,351 Sqft
|
This well-maintained, 8-unit income producing property is located in the historic downtown area of Leesburg, comprising two separate parcels (Alt keys # 1264821 and 1236720).
The first parcel, zoned C-3, includes three block duplexes built in 1958 , each with two bedrooms and one bathroom units. The second parcel is zoned R2, allowing for duplex and triplex uses, and currently includes a duplex with one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit, and a large lot that offers space for building additional units.
Recent updates include roof replacements on all units in 2021, a recent exterior paint job, new LVT flooring in some units, most units have easy-to-maintain Terrazzo flooring, and newer blown-in insulation. Each unit has individual water and electric meters, with tenants responsible for their utilities through the City of Leesburg utilities. Additional features include laundry hookups, covered entryways and a termite bond on the house.
Historically, this property has maintained full occupancy with consistent, long-term tenants who value the convenient location near downtown Leesburg's entertainment and dining venues, the Rails to Trails walking/bike path, Publix, schools, community theatre, and Beacon College.
The unique private off-street location, plenty of parking space/driveways for each unit, low maintenance, and potential adjacent development site sets this property apart and make it a great investment opportunity.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRG5097618 | Year Built: | 1958 | |
| Construction Materials: | Block, Frame | Cooling: | Wall/Window Unit(s) | |
| Country: | US | County Or Parish: | Lake | |
| Exterior Features: | Lighting | Foundation Details: | Crawlspace, Slab | |
| Heating: | Electric, Ductless | Laundry Features: | Outside | |
| Listing Agreement: | Exclusive Right To Sell | Property Sub Type: | Multi Family | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | Call Listing Agent, See Remarks, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Electricity Connected, Water Connected | Water Source: | Public | |
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