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… Read More 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. Read Less
Courtesy of EQUITYPRO LLC 407-203-6860
Listing Snapshot
Days Online
145
Last Updated
Property Type
Multi-Family 5+
Square Ft.
10,883
Lot Size
0.64 Acres
Year Built
1910
MLS Number
O6355283
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1910, Living area: 10883, Living area units: Square Feet, Construction Materials: Frame
Cooling
None
Floors
Wood
Foundation
Slab
Heating
None
Interior Features
Ninguno
Laundry
None
Lot
0.64 acres, Dimensions: 140x199
Property
Fixer
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 27-19-24-0200-002-01100, Public Survey Range: 24E, Public Survey Section: 27, Annual Amount: $3,357.31, Tax Block: 002, Tax Book Number: 10-5, Legal Description: LEESBURG ARCHBELL SUB LOT 11 BLK 2 PB 10 PG 5 ORB 6312 PG 209, Lot: 11, Year: 2024, Zoning: R-2
Utilities
Public, Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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