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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.
| DAYS ON MARKET | 117 | LAST UPDATED | 10/7/2025 |
|---|---|---|---|
| TRACT | X | YEAR BUILT | 1946 |
| COMMUNITY | 34748 - Leesburg | COUNTY | Lake |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Sep 10, '25 | $700,000 |
|---|---|
| Sep 10, '25 - Today | $650,000 |
| ADDITIONAL DETAILS | |
| AIR | Ductless, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34748 - Leesburg |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame |
| EXTERIOR | Other |
| HEAT | Ductless |
| LOT | 4.43 acre(s) |
| SEWER | Septic Tank |
| SUBDIVISION | X |
| TAXES | 1581.16 |
| UTILITIES | Electricity Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Tito Urbano Perez, FLORIDA REALTY INVESTMENTS, 407-207-2220
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 12/6/25 5:56 AM PST.
This IDX solution is (c) Diverse Solutions 2025.