Active

$419,900

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 10883 sq ft
Overview
  • ID: MFRO6355283
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 10883 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$419,900
HOA Fee:
N/A
Tax Amount:
$3357.31
Price per SqFt:
$38.58
Tax Legal Description:
LEESBURG ARCHBELL SUB LOT 11 BLK 2 PB 10 PG 5 ORB 6312 PG 209
Exterior Features
Lot Size:
27860
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
None
Cooling:
None
Appliances:
N/A
Furnished:
No
Floor:
Wood
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family 5+
Style:
N/A
Year Built:
1910
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    1502 HIGH ST
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 269,000
avt
Daniel Dourado
$ 1,688,000
avt
Daniel Dourado
$ 1,499,000
avt
Daniel Dourado
$ 1,499,000
avt
Daniel Dourado
$ 269,000
avt
Daniel Dourado
$ 1,499,990
avt
Daniel Dourado
$ 1,995,000
avt
Daniel Dourado
$ 650,000
avt
Daniel Dourado
$ 1,500,900
img
  • Featured
  • Active
Multi-Family 5+

424 DEL VALLE ST MONTEFLORES DEV

  • 12
  • 9
  • 625 m²
avt
Daniel Dourado
$ 1,475,000
avt
Daniel Dourado
$ 229,800
avt
Daniel Dourado
$ 1,100,000