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… Read More 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. Read Less
Courtesy of CARLINO REAL ESTATE GROUP INC 352-326-2662
Listing Snapshot
Days Online
2
Last Updated
Property Type
Multi Family
Square Ft.
5,071
Lot Size
0.97 Acres
Year Built
1958
MLS Number
G5097618
30 Days Snapshot Of 34748
$272k
-8%
(avg) sold price
66
-17%
homes sold
94
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Meters: 471.11, Total Number of Buildings: 4, Unit Count: 8, Building Area Units: Square Feet, Construction Materials: "Block", "Frame", Living Area: 5071, Number Of Units Total: 8, Year Built: 1958
Lot
Lot Size Square Meters: 3935, Total Acreage: 1/2 to less than 1, 0.97 acres, 42351 square feet, Number Of Lots: 2
Property Access
Road Surface: "Asphalt"
Cooling
Cooling: "Wall/Window Unit(s)"
Exterior Features
Exterior Features: "Lighting"
Foundation
Foundation Details: "Crawlspace", "Slab"
Heating
Heating: "Electric", "Ductless"
Income
Gross Income: 60300
Interior Features
Interior Features: "Ceiling Fans(s)"
Laundry
Laundry Features: "Outside"
Property
Zoning: C-3
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Utilities
Utilities: "Electricity Connected", "Water Connected", Water Source: "Public"
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