14 Beds
8 Baths
4,618 SqFt
14 Beds
8 Baths
4,618 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,618 sqft
Price per Sqft $151
Subdivision X
MLS Listing ID TB8416432
Bedrooms 14
HOA Y/N No
Year Built 1946
Annual Tax Amount $1,581
Lot Size 4.430 Acres
Acres 4.43
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini-split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long-term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs.
Located in Lake County, one of the fastest-growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area.
The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.
Location
State FL
County Lake
Community X
Area 34748 - Leesburg
Zoning R-2
Interior
Interior Features Ninguno
Heating Ductless
Cooling Ductless, Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Other
Utilities Available Electricity Connected, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Public
Structure Type Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8416432
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