$700,000 for Sale
1318 neely drive , leesburg, FL 34748
| Beds 14 | Baths 8 | 4,618 Sqft | 4.43 Acres |
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Property Description
Neely Drive Portfolio is a six-unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single-story buildings totaling 4,618 square feet. Built between 1942 and 1956, the property features a low-density layout with a strong land-to-unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini-split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long-term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, one of the fastest-growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.
General Information
Sale Price: $700,000
Price/SqFt: $152
Status: Active
MLS#: TB8416432
City: leesburg
Post Office: leesburg
County: Lake
Acres: 4.43
Bedrooms:14
Bathrooms:8
House Size: 4,618 sq.ft.
Acreage: 4.43 est.
Year Built: 1946
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Wood Frame
Exterior Misc: Other
Basement: No
Foundation : Crawlspace
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating: Wall Units / Window Unit
Waste: Septic Tank
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $1,581
Legal Description: N 220 FT OF E 1/2 OF NE 1/4 OF NE 1/4 OF NW 1/4--LESS N 40 FT & LESS W 40 FT & LESS BEG S LINE OF N 40 FT WITH E LINE OF W 40 FT INTERSCT RUN E 30 FT TO A PT DESIGNATED PT A BEG AGAIN AT POB RUN S 30 FT NE'LY TO PT A-- ORB 5725 PG 1020
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Tito Urbano Perez of FLORIDA REALTY INVESTMENTS, Phone: 407-207-2220
