Short Sale-Approved* REDUCED FOR QUICK SALE! INVESTORS LOOK. INCOME POTENTIAL! Massive Apartment complex, vacant and ready for remodel. Built in 1988, Newell Hill Villas consists of 12 apartment buildings and Office situated on a hillside of almost 5 acres. The apartments are comprised of 48 Units: town homes and studios. Unit mix 1, 2 & 3 Bedrooms; 48 Units=(4) 3 Br, (32) 2 Br (2 for handicap) and (12) 1 Br) with separate Electric/H2O meters. Additional, on-site Office building includes laundry, mail boxes and maintenance areas. Majestic oaks frame the landscape and provide shade for the site. Roofs are newer (2000) and most units have basic appliances. Any information contained herein critical to the buyer's decision to purchase must be verified by the buyers. Must see ASAP as it s one-of-a-kind and there s no other apartment property in Central FL as large, on the market at this time. Nice location, close to downtown historic Leesburg, Hospital and shopping yet, residential feel to property. Single family homes in community across the street. Conveniently located just off US-441, minutes from healthcare, schools, shopping and dining with easy access to I-75. So much potential here and extraordinary opportunity for Investors! POF required with Offer. AS IS, Buyer may inspect & verify all info. Make Offer now. Highest and Best Offer. We are ready to Close.
Conveniently located in Leesburg with easy access to downtown. Large Parking area for each unit. All four units are currently rented. Each unit has 2 bedrooms and 1 bath with refrigerator and stove . Also hookups for washer and dryer.
Not a short sale or bank-owned! The listing price is for the entire duplex and is a good investment property! Each unit is a 2/1 with ceramic tile floors throughout and upgraded kitchen cabinets. The property also sits on a nice-sized lot. Put in an offer today!
Zoned R-2 - Price is in land only! Zoning currently allows only 5 units for this property. The property is currently set up as 26 unit dorm with 10 kitchens and 8 bathrooms. Options are tear down and re-build or remodel and bring up to current code and zoning. Property is being sold As-Is. Property has an estimated $233,000 in fines from the City of Leesburg which will be the buyers responsibility. Some or all of these fines may be waived if the tear down option is selected. All due diligence to be completed before making an offer.