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1105-1111 Johnson Street, Leesburg, FL 34748

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For Sale
Sale Pending

$850,000

5,071 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $167.62
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Under contract-accepting backup offers. ACCEPTING BACK UP OFFERS This well-maintained, 8-unit income producing property is located in the historic downtown area of Leesburg, comprising two separate parcels (Alt keys # 1264821 and 1236720). The first parcel, zoned C-3, includes three block duplexes built in 1958 , each with two bedrooms and one bathroom units. The second parcel is zoned R2, allowing for duplex and triplex uses, and currently includes a duplex with one 2-bedroom/1-bath unit and one 1-bedroom/1-bath unit, and a large lot that offers space for building additional units. Recent updates include roof replacements on all units in 2021, a recent exterior paint job, new LVT flooring in some units, most units have easy-to-maintain Terrazzo flooring, and newer blown-in insulation. Each unit has individual water and electric meters, with tenants responsible for their utilities through the City of Leesburg utilities. Additional features include laundry hookups, covered entryways and a termite bond on the house. Historically, this property has maintained full occupancy with consistent, long-term tenants who value the convenient location near downtown Leesburg's entertainment and dining venues, the Rails to Trails walking/bike path, Publix, schools, community theatre, and Beacon College. The unique private off-street location, plenty of parking space/driveways for each unit, low maintenance, and potential adjacent development site sets this property apart and make it a great investment opportunity.
MLS# G5097618

Courtesy Of Carlino Real Estate Group, Inc.

(352) 326-2662

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Lot Size
    0.97 Acres

Map and Directions

Directions to 1105-1111 Johnson Street, Leesburg, FL 34748

Home seller CENTURY 21 Alton Clark

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Alton Clark

(352) 728-2121
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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