1318 Neely Drive, LEESBURG, FL 34748
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Priced at Only: $700,000
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Address: 1318 Neely Drive, LEESBURG, FL 34748
Property Location and Similar Properties
- MLS#: TB8416432 ( Residential Income )
- Street Address: 1318 Neely Drive
- Viewed: 2
- Price: $700,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1946
- Bldg sqft: 0
- Bedrooms: 14
- Total Baths: 8
- Days On Market: 5
- Additional Information
- Geolocation: 28.799 / -81.8964
- County: LAKE
- City: LEESBURG
- Zipcode: 34748
- Subdivision: X
- Provided by: FLORIDA REALTY INVESTMENTS
- Contact: Tito Urbano Perez
- 407-207-2220
- DMCA Notice
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DescriptionNeely Drive Portfolio is a six unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single story buildings totaling 4,618 square feet. Built between 1942 and 1956, the property features a low density layout with a strong land to unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, 2 units have mini split A/C units and 1 unit has Central A/C. All roofs have been replaced within the last two years, reducing long term capital expense exposure. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, one of the fastest growing regions in Central Florida, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long term upside in a growing Florida market.
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Other
- Living Area: 4618.00
- Roof: Shingle
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Ductless, Wall/Window Unit(s)
- Heating: Ductless
- Sewer: Septic Tank
- Utilities: Electricity Connected, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Rental Information
- Tenant Pays: Electricity, Water
Other Features
- Country: US
- Interior Features: Ninguno
- Legal Description: N 220 FT OF E 1/2 OF NE 1/4 OF NE 1/4 OF NW 1/4--LESS N 40 FT & LESS W 40 FT & LESS BEG S LINE OF N 40 FT WITH E LINE OF W 40 FT INTERSCT RUN E 30 FT TO A PT DESIGNATED PT A BEG AGAIN AT POB RUN S 30 FT NE'LY TO PT A-- ORB 5725 PG 1020
- Area Major: 34748 - Leesburg
- Parcel Number: 34-19-24-0002-000-03100
- Zoning Code: R-2
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