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78-Unit Garden-Style Apartment Community
For Sale
Contact for pricing
Pending

1 Herald Dr, Leesburg, FL 34748

Multifamily property with townhome residences, traditional apartments, and completed exterior upgrades.

Property SizeContact for details
Days on Market144

Property Features for 1 Herald Dr

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 78

Building Details

Construction garden-style
Listing Agency: BH Real Estate Advisors
Listed By: Brian Hunsicker · License #FL BK3258459
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BH Real Estate Advisors

Investment Insights

Based on property information with market context.

Gardens on Griffin is a 78-unit garden-style apartment community comprising 34 two-story townhome units alongside traditional one- and two-bedroom apartments. The unit mix provides both townhouse and conventional apartment configurations within the same multifamily property.

Exterior work has included roof replacement across all buildings, new exterior paint, and an asphalt parking lot overlay. The community is located less than 10 minutes from The Villages in Leesburg, Florida.

Key Highlights

  • 78‑unit garden‑style apartment community
  • 34 two‑story townhome units
  • Traditional one- and two‑bedroom apartment units

Property Analytics

Current Use

Sunwood Village Apartment Building Gardens on Griffin Apartments Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Hair Salon Bakery Computer & Electronic Repair Acupuncture Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

78
Residential units

Location Intelligence

Trade Area within ½ mile

646
Businesses Nearby

Demographics for 34748, FL

45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with townhome residences, traditional apartments, and completed exterior upgrades.
Where is this apartment building located?
The property is located at 1 Herald Dr Leesburg, FL.
What are key features of this property?
This property features: 78‑unit garden‑style apartment community; 34 two‑story townhome units; Traditional one- and two‑bedroom apartment units
More about this property
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