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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.
| DAYS ON MARKET | 56 | LAST UPDATED | 12/4/2025 |
|---|---|---|---|
| TRACT | LEESBURG ARCHBELL SUB | YEAR BUILT | 1910 |
| COMMUNITY | 34748 - Leesburg | COUNTY | Lake |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Nov 21, '25 | $515,000 |
|---|---|
| Nov 21, '25 - Dec 4, '25 | $495,000 |
| Dec 4, '25 - Today | $459,900 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 34748 - Leesburg |
| CONSTRUCTION | Frame |
| EXTERIOR | Other |
| HEAT | None |
| LOT | 0.64 acre(s) |
| LOT DIMENSIONS | 140x199 |
| SEWER | Public Sewer |
| SUBDIVISION | LEESBURG ARCHBELL SUB |
| TAXES | 3357.31 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listing provided by Navid Rokh, EQUITYPRO LLC, 407-203-6860
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/19/25 7:30 AM PST.
This IDX solution is (c) Diverse Solutions 2025.