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Under contract-accepting backup offers. Prime Investment Opportunity - Location, Location, Location! Prime Value-Add Investment Opportunity in Central Florida! Located just 45 minutes from Orlando, this centrally positioned Leesburg asset is zoned by Lake County for 10 units, making it ideal for a multifamily conversion, co-living concept, or workforce housing development. Minutes from Downtown and UF Health Leesburg Hospital, the area offers strong tenant demand and long-term growth. Full renovation required - estimated at $400,000, including updated floor plans, systems, and interiors. Projected After-Repair Value (ARV): $1,890,000, presenting a strong equity and cash flow play for savvy investors. With flexible zoning, an undersupplied rental market, and rising demand, this is a rare chance to reposition a property for significant returns. Serious inquiries only - proceed with caution during showings.
| DAYS ON MARKET | 56 | LAST UPDATED | 8/5/2025 |
|---|---|---|---|
| TRACT | LEESBURG ARCHBELL SUB | YEAR BUILT | 1910 |
| COMMUNITY | 34748 - Leesburg | COUNTY | Lake |
| STATUS | Pending | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Aug 4, '25 | $589,999 |
|---|---|
| Aug 4, '25 - Today | $579,999 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 34748 - Leesburg |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame |
| LOT | 0.64 acre(s) |
| LOT DIMENSIONS | 140x199 |
| STORIES | 2 |
| SUBDIVISION | LEESBURG ARCHBELL SUB |
| TAXES | 3357.31 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Samuel Maduro, LEGENDS REAL ESTATE PROFESSIONALS, INC, 407-801-9131
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 9/6/25 1:26 AM PDT.
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