1502 HIGH ST Leesburg, FL 34748
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,883 sqft
Price per Sqft $54
Subdivision Leesburg Archbell Sub
MLS Listing ID O6327068
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,357
Lot Size 0.640 Acres
Acres 0.64
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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.
Location
State FL
County Lake
Community Leesburg Archbell Sub
Area 34748 - Leesburg
Zoning R-2
Interior
Interior Features Other
Heating None
Cooling None
Fireplace false
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Metal
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 1/2 to less than 1
Sewer Other
Water Public
Structure Type Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6327068
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