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1502 HIGH STREET

Multi-family For Sale
$459,900

BTC: 5.15328762

ETH: 229.95000000

-$55K (2025/12/04)
59 days
0 room(s)
10,883 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns. A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,700,000. This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families. Contact your EquityPro Advisor today.

Location

Florida • LEESBURG • 34748 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1910
Lot:
0.64 Acres
Heating:
None
Price/sqft:
$42
Cooling:
None
HOA:
No Data
All facts and features

  • Flooring

    • Hardwood

    Heating

    • None

    Cooling

    • None

    Other interior features

    • Ninguno

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.64 Acres

    Other Property Information

    • Parcel Number: 271924020000201100

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $3,357

  • Source details

    • MLS ID: O6355283

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Slab

    • Laundry Features: None

    • Living Area: 10883

    • Water Source: Public

    • Lot Size Dimensions: 140 x 199

    • Subdivision Name: LEESBURG ARCHBELL SUB

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EQUITYPRO LLC