19-Unit Multifamily Condo
New
For Sale
$2,100,000
706 W DIXIE Avenue, Leesburg, FL 34748
Residential Income, LEESBURG, FL
Property Size14,760 SF
Lot Size0.02 Acres
Price / SF$142.28
Days on Market2
Property Features for 706 W DIXIE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-2
Bedrooms
29
Bathrooms
18
Full bathrooms
18
Rooms
Bedroom 3, Bathroom 17, Bedroom 7, Bedroom 5, Bedroom 19, Bedroom 11, Bedroom 13, Bedroom 22, Bathroom 2, Bathroom 10, Bedroom 29, Bedroom 24, Bedroom 6, Bedroom 20, Bathroom 14, Bedroom 4, Bathroom 3, Bedroom 21, Bedroom 25, Bathroom 5, Bathroom 15, Bedroom 10, Bedroom 15, Bathroom 6, Bedroom 23, Bathroom 9, Bedroom 9, Bathroom 1, Bathroom 13, Bathroom 7, Bathroom 16, Bedroom 27, Bedroom 28, Bedroom 17, Bathroom 12, Bedroom 1, Bedroom 8, Bedroom 18, Bedroom 12, Bathroom 11, Bedroom 14, Bathroom 4, Bedroom 2, Bathroom 8, Bedroom 16, Bathroom 18, Bedroom 26
Pets allowed
Yes
Interior features
Ninguno
Exterior features
Sidewalk
Subdivision
LEESBURG PARKSIDE CONDO UNIT 01
Directions
Leesburg, FL
Standard status
Active
APN
26-19-24-3150-000-00200
Size
14,760 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEESBURG PARKSIDE CONDOMINIUM UNIT 2 UNDIVIDED 1/30 INT IN COMMON ELEMENTS (ORB 816 PG 2171) ORB 6572 PG 2396
Tax Annual Amount
20608
Legal Description
LEESBURG PARKSIDE CONDOMINIUM UNIT 2 UNDIVIDED 1/30 INT IN COMMON ELEMENTS (ORB 816 PG 2171) ORB 6572 PG 2396
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1969
Number of units
19
Building materials
Block
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Nov 4
Last Checked: Nov 5 at 12:06AM
MLS# TB8564730
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily offering comprises 19 condominiums within a 30-unit community, totaling 14,760 square feet. The unit mix includes seven one-bedroom, one-bath residences, ten two-bedroom, one-bath residences, and two two-bedroom, one-bath townhouses. The property was built in 1969 and is zoned R-2. Buildings are constructed of block and have central air conditioning and electric heat; public water and sewer serve the property.
The community is across from Venetian Gardens in Leesburg. The offering represents 63% ownership and includes control of the homeowners association, according to the property information.
The community is across from Venetian Gardens in Leesburg. The offering represents 63% ownership and includes control of the homeowners association, according to the property information.
Key Highlights
- 19 of 30 condominium units included in the offering
- Unit mix: 7 one‑bedroom, one‑bath units; 10 two‑bedroom, one‑bath units; 2 two‑bedroom, one‑bath townhouses
- 14,760 square feet; built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,257
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,625,140
$3.6M
Cap Rate 7%
$2,589,386
$2.6M
Cap Rate 9%
$2,013,967
$2.0M
Market Conditions
NOI Build-Up for 14,760 SF
Gross rent
$352.5K $23.88/SF
− Vacancy
−$22.9K −$1.55/SF
EGI
$329.6K $22.33/SF
− OpEx
−$148.3K −$10.05/SF
NOI
$181.3K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,625,140
Cap Rate 7%
$2,589,386
Cap Rate 9%
$2,013,967
Alternative Uses
Best Use
Apartment 5plus
$2.59M
$2.27M – $3.02M
NOI $181,257 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.68M – $4.90M
NOI $294,019 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The package combines one- and two-bedroom residences, including two townhouse-style units, with majority association ownership.
Where is this multifamily property located?
The property is located at 706 W DIXIE Avenue Leesburg, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 19 of 30 condominium units included in the offering; Unit mix: 7 one‑bedroom, one‑bath units; 10 two‑bedroom, one‑bath units; 2 two‑bedroom, one‑bath townhouses; 14,760 square feet; built in 1969
