1502 HIGH ST, LEESBURG, FL, 34748
$515,000
Residential Income
Living Area
10,883 Sqft
Lot Size
27,860 Sqft
Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns. A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,700,000. This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families. Contact your EquityPro Advisor today.
Property Details
Property Features Property Features
MLS ID: MFRO6355283 Year Built: 1910
Construction Materials: Frame Cooling: None
Country: US County Or Parish: Lake
Exterior Features: Other Flooring: Wood
Foundation Details: Slab Heating: None
Laundry Features: None Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash Possession: Close Of Escrow
Property Condition: Fixer Property Sub Type: Multi Family
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Public Water Source: Public
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