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Parkside Condos Investment Opportunity
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706 W Dixie Ave, Leesburg, FL 34748

19-unit condo package in Leesburg, Florida, with HOA control.

Property SizeContact for details
Days on Market650

Property Features for 706 W Dixie Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Investment Type Value Add
Net Operating Income $172,000

Building Details

Year Built 1969
Year Renovated 2018
Buildings 2
Stories 2
Units 19
Listing Agency: The Apartment Brokers
Listed By: Johnny Pullman · License #FL SL3252472
Source: Crexi
Added: Nov 15, 2024 Changed: Aug 8 Last Checked: Aug 26 at 12:02AM

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 The Apartment Brokers

Investment Insights

Based on property information with market context.

Parkside Condos presents a package of 19 out of 30 condominium units located in Leesburg, Florida. The property is positioned across from Venetian Gardens. The unit mix includes 7 one-bedroom, one-bath units, 10 two-bedroom, one-bath units, and 2 two-bedroom, one-bath townhouses. The offering includes 63% ownership of the property, granting full control of the Homeowners Association (HOA). This allows influence over property management decisions and day-to-day operations, ensuring authority to guide the community’s direction and maintain property standards.

Key Highlights

  • 63% ownership grants full control of the Homeowners Association (HOA).
  • Package of 19 condos offers a lucrative investment opportunity.
  • Excellent location across from Venetian Gardens.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Tanning Salon Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

1,498
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
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Frequently Asked Questions

What type of property is this?
Apartment building - 19-unit condo package in Leesburg, Florida, with HOA control.
Where is this apartment building located?
The property is located at 706 W Dixie Ave Leesburg, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 63% ownership grants full control of the Homeowners Association (HOA).; Package of 19 condos offers a lucrative investment opportunity.; Excellent location across from Venetian Gardens.
More about this property
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