1502 HIGH STREET at

1502 HIGH STREET

For sale Days on market 72

$419,900

$39/sq ft

$95,100
Price Decreased

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Overview

Year Built

1910

Sqft

10883

Property Description

Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns. A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,700,000. This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families. Contact your EquityPro Advisor today.

Property Details

MLS#

O6355283

Address

1502 HIGH

City

LEESBURG

State/county

Zip/Postal Code

34748

Area

Leesburg Archbell Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,357

Maint Fee

$--

Tax Year

2024

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