UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 39,524 sqft
Price per Sqft $164
Subdivision Leesburg N C Lee Estate
MLS Listing ID G5099082
HOA Y/N No
Year Built 1980
Annual Tax Amount $7,979
Lot Size 2.350 Acres
Acres 2.35
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
minimal management effort. The entire property is leased by an accredited private 4-year college founded in 1989. With students from across the
country and internationally, the college's continued growth and established reputation ensures a strong and reliable tenant, making this a truly
hands-off investment. Residents enjoy modern living spaces with updated vinyl flooring and recently updated kitchens and bathrooms in most
units. One of the standout features of this property is its stunning Outdoor Oasis courtyard. This inviting outdoor space includes brick walkways,
spacious patios, two huge gazebos, and a charming brick fireplace, perfect for gatherings or relaxation. Beautiful stone flower beds, new palm
trees, and fresh sod create a serene environment, all maintained by an efficient irrigation system. Other Amenities included an on-site laundry
facility and management office, electronic locks on all apartments, and plenty of parking. Other recent major updates include roof replacement
on all the building in 2020, robust gutter and drainage system, exterior lighting, security cameras and gates, and the majority of the HVAC
systems have been replaced within the last five years. The property location is a significant asset, benefiting from its proximity to historic
downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Park on Lake Harris. It's also conveniently
situated approximately 56 miles from Orlando International Airport and within a two-hour drive of stunning beaches on both the Atlantic and Gulf
coasts. Leesburg, FL, has seen significant growth in recent years, with several large employers near this property increasing the demand for
affordable housing in the area. AN ADDITIONAL 2.68-ACRE ADJACENT PARCEL that offers the opportunity to possibly build up to an additional 48
units is also available. (MLS # G5099161) This is an opportunity not to be missed—call today for more information!
Location
State FL
County Lake
Community Leesburg N C Lee Estate
Area 34748 - Leesburg
Zoning R-2
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Fireplace false
Laundry Common Area
Exterior
Exterior Feature Lighting, Rain Gutters
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block
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/G5099082
