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1502 High St

Leesburg FL 34748

11363 sq. ft.
27860 sq. ft.
Other
Currently for sale - view listing

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.

Features

11363 sq. ft. floor area
27860 sq. ft. lot size
Other

Property history for 1502 High St

2024
Sold
$310,000
01 Apr 2024 by Daniel Colombo, of REALTY HUB
2016
Sold
$25,000
01 Jun 2016 by Misty Noland
2005
Sold
$332,500
23 Feb 2005 by RICHARD HALLIGAN, of ARROW REALTY & INVESTMENTS INC

Happy sellers in Leesburg

70%
70% of sellers in Leesburg reported that their sale price either exceeded or met their price expectations.

Leesburg stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 20 reviews in Leesburg over the last 12 months.

Local market activity for other properties in Leesburg

In the last 12 months, 1 other similar to 1502 High St, have been sold.

This represents a 80% increase in other properties sales when compared to the previous 12 months.

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(619) 566-0008
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