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1502 High Street, Leesburg, FL 34748
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Would you like to sell your home before you purchase this one?
Priced at Only: $419,900
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Address: 1502 High Street, Leesburg, FL 34748
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  • MLS#: O6355283 ( Multi-Family )
  • Street Address: 1502 High Street
  • Viewed: 9
  • Price: $419,900
  • Price sqft: $37
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 11363
  • Days On Market: 132
  • Additional Information
  • Geolocation: 28.8131 / -81.89
  • County: LAKE
  • City: Leesburg
  • Zipcode: 34748
  • Subdivision: Leesburg Archbell Sub
  • Provided by: EQUITYPRO LLC
  • DMCA Notice
  • Description
    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.
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  • Possible terms: Cash
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Nearby Subdivisions
Indian Hill   Leesburg   Leesburg Archbell Sub   Leesburg Lees   Leesburg Village Square Leesbu  
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Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com