1502 HIGH ST, LEESBURG, FL, 34748
$567,999
Residential Income
Living Area
10,883 Sqft
Lot Size
27,860 Sqft
Prime Investment Opportunity – Location, Location, Location! Prime Value-Add Investment Opportunity in Central Florida! Located just 45 minutes from Orlando, this centrally positioned Leesburg asset is zoned by Lake County for 10 units, making it ideal for a multifamily conversion, co-living concept, or workforce housing development. Minutes from Downtown and UF Health Leesburg Hospital, the area offers strong tenant demand and long-term growth. Full renovation required – estimated at $400,000, including updated floor plans, systems, and interiors. Projected After-Repair Value (ARV): $1,890,000, presenting a strong equity and cash flow play for savvy investors. With flexible zoning, an undersupplied rental market, and rising demand, this is a rare chance to reposition a property for significant returns. Serious inquiries only – proceed with caution during showings.
Property Details
Property Features Property Features
MLS ID: MFRO6327068 Year Built: 1910
Construction Materials: Frame Cooling: None
Country: US County Or Parish: Lake
Exterior Features: Other Foundation Details: Crawlspace
Heating: None Laundry Features: Other
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Other
Possession: Negotiable Property Sub Type: Multi Family
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Metal Sewer: Other
Showing Requirements: Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Other Water Source: Public
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