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Wade M. Berlin

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1502 High Street
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PRICED AT ONLY: $515,000

Address: 1502 High Street, Leesburg, FL 34748

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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Virtual Tour
More Like This
  • MLS#: O6355283 ( ResidentialIncome )
  • Street Address: 1502 High Street
  • Viewed: 1
  • Price: $515,000
  • Price sqft: $45
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 11363
  • Days On Market: 18

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.
Request More Information
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Wood
  • Living Area: 10883.00
  • Roof: Shingle
Property Information
  • Property Condition: Fixer
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: None
  • Heating: None
  • Sewer: PublicSewer
  • Utilities: MunicipalUtilities
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Country: US
  • Legal Description: LEESBURG ARCHBELL SUB LOT 11 BLK 2 PB 10 PG 5 ORB 6312 PG 209
  • Area Major: 34748 - Leesburg
  • Parcel Number: 27-19-24-0200-002-01100
  • Possession: CloseOfEscrow
  • The Range: 0.00
  • Zoning Code: R-2
Nearby Subdivisions
Leesburg   Leesburg Archbell Sub   Leesburg Birchwood   Leesburg Hansons Sub   Leesburg Lees   Leesburg Sunshine Park   Parkside  
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1502 High Street Virtual Tour More Like This

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 hold

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Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
Wade M. Berlin

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