GREAT INCOME OPPORTUNITY! Massive Apartment complex, just needs TLC. Built in 1988, Newell Hill Villas a 48-Unit, Multi-Family community in Leesburg, FL. Consisting of 12 apartment buildings situated on a hillside of almost 5 acres. The apartments are comprised of 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. So much potential here and extraordinary opportunity for Investors! Property has benefited from exemption savings. Property Management services also available after closing. BUY TODAY, renovate and RENT. VACANT, ready for remodeling and tenanting! Property Sold “As Is.” 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 Leesburg, Waterman hospital and shopping yet, residential feel to property. Vacant land to left is currently under development, Multi-family property on right side and single family homes in community across the street. Located just off US-441, minutes from healthcare, schools, shopping and dining with easy access to I-75.
100 % Leased as Office / Professional - 2,550sqft concrete block office/residential building. Three 850sqft units with seperate meters. Lot is 106'x104' on .24 acres zoned C-2. Downtown Leesburg close to the hospital. 3 units one office & 2bdrm apartment adjoin. Very well maintained building & landscaping across from the Mote Morris House. Also under residential G4661247
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.
GREAT OPPORTUNITY FOR 1ST TIME INVESTOR OR HOME BUYER. 2 Homes on oversized lot, Main home 2 bed/1 bath with den, formal dining room and eat-in kitchen NEWLY RENOVATED, new bathroom fixtures, paint &
carpet. 2nd home 2 bed/1 bath, currently rented. Both homes share 1 well and each have own septic. Large
separate workshop. Good rentals or live in 1 home and rent the other. Located in quiet neighborhood of
Leesburg. **Financials are estimated based on past and current rent, not including maintenance and reserve.
Main home rented for $800 and 2nd home rents for $600 per month.**
Age: 41-50 Years Old
Amenities: Deck, Porch, Patio, Ceiling Fan
Appliances: Dishwasher, Microwave, Range, Refrigerator, Water - Softener
Tri-Plex 100% Leased - Rents are 2 units at $450 & 1 unit $400. Cash Flow & Lease Data Available for past 3 years with a signed Confidentiality Agreement. 48 Hours Notice to show. Concrete Block, large yard, 1 tenant has been there 8 years. Close to Downtown & Hospital - PLEASE DO NOT DISTURB TENANTS.
***Duplex***Delightful updated duplex in historic district of Leesburg with location close to hospital, college, shopping and walking distance to downtown and nearby paved exercise trail. Entire building was updated with new electrical, new A/C units, new windows, new roof and partially updated plumbing just a few years ago. Nice size kitchen and a 11' X 14' master bedroom and bath on each side complete with a 19' X 11' living room and adorable screened front porch & indoor utility room. Wood laminate flooring in unit on right and other side is laminate and carpet with a wood stove in living room and inside utility room. A large concrete driveway leads to backyard with ample parking and large fenced back yard complete with gated entry and wired for an invisible pet fence. This is a MUST SEE for anyone looking for investment properties.
Age: Over 50 Years Old
Appliances: Dryer, Range / Oven, Refrigerator, Washer
Both units of this property have been completely renovated. NEW EVERYTHING! New Plumbing, new electrical, new water heater, replacement of flooring, some new windows, new microwave, stove, refrigerator are included, new kitchen counters and cabinets and tiling and baths and NEW A/C and Heat to be installed. Fended in back yard. One unit has wood flooring in bedrooms and 2nd unit has ceramic tiles in bedrooms.
This is a Center Unit of multi-family complex area.
Zoning currently allows only 5 units. Property is set up as a 26 unit rooming house with 10 kitchens and 8 bathrooms. Floor plan will have to be adjusted to meet current zoning. Possible tear down property and value in land. Lots of possibilities for the creative investor! Property to be sold As-Is, Where Is with no Representations or warranties from Owner. buyer to perform all necessary inspections and property research at buyers sole cost and expense. Could be a great income property.