$588,999 for Sale
1502 high street , leesburg, FL 34748
| Beds 0 | Baths 0 | 10,883 Sqft | 0.64 Acres |
|
1 of 9 |
Property Description
Prime Investment Opportunity – Location, Location, Location! Prime Value-Add Investment Opportunity in Central Florida! Located just 45 minutes from Orlando, this centrally positioned Leesburg asset is zoned by Lake County for 10 units, making it ideal for a multifamily conversion, co-living concept, or workforce housing development. Minutes from Downtown and UF Health Leesburg Hospital, the area offers strong tenant demand and long-term growth. Full renovation required – estimated at $400,000, including updated floor plans, systems, and interiors. Projected After-Repair Value (ARV): $1,890,000, presenting a strong equity and cash flow play for savvy investors. With flexible zoning, an undersupplied rental market, and rising demand, this is a rare chance to reposition a property for significant returns. Serious inquiries only – proceed with caution during showings.
General Information
Sale Price: $588,999
Price/SqFt: $54
Status: Active
MLS#: O6327068
City: leesburg
Post Office: leesburg
County: Lake
Subdivision: leesburg archbell sub
Acres: 0.64
Bedrooms:0
Bathrooms:0
House Size: 10,883 sq.ft.
Acreage: 0.64 est.
Year Built: 1910
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Wood Frame
Exterior Misc: Other
Basement: No
Foundation : Crawlspace
Cooling: None
Heating: None
Waste: Other
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $3,357
Legal Description: LEESBURG ARCHBELL SUB LOT 11 BLK 2 PB 10 PG 5 ORB 6312 PG 209
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: Samuel Maduro of LEGENDS REAL ESTATE PROFESSIONALS, INC, Phone: 407-801-9131
