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1502 High St Leesburg, FL 34748

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For Sale
$515,000

Nine-unit property with potential for conversion into a ten-unit residence.

Lot size:
0.64 Acres

Property Features for 1502 High St

General Information

Lot size
0.64 Acres

Building Details

Year built
1910

Source: EQUITYPRO LLC Agent Navid Rokh

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Nine-Unit Multifamily Residence in Leesburg

This nine-unit property in Leesburg offers the potential for conversion into a ten-unit multifamily residence. Situated in a market characterized by strong tenant demand and long-term growth, the property presents an opportunity to address an undersupplied rental market. A complete renovation, estimated at $400,000, is required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. This project presents an opportunity for returns, with an After-Repair Value (ARV) of $1,700,000. This property is a chance to provide value for tenants in a location where demand is strong by creating affordable and comfortable housing.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Leesburg
County
Lake
State
Florida
Longitude
-81.8899613
Latitude
28.8130933

FAQs

What type of property is this?
Apartment building - Nine-unit property with potential for conversion into a ten-unit residence.
Where is this apartment building located?
The property is located at 1502 High St Leesburg, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: - Opportunity to convert to a 10-unit multifamily residence.; - Located in Leesburg, a market with strong tenant demand.; - Potential for significant returns after renovation (ARV $1,700,000).
More about this property
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